Bitcoins halving has finally occurred. I expect BTC to calm down for the upcoming days and altcoins may finally rise again in price. Most altcoins have been heavily dumping and broken most major supports. ZEC, which is one of few which still hold the pivotal support as you see in the chart, is my first pick for the upcoming altcoins bounce. Besides the potential, we also have a clear stoploss around 450K sats.
In the 4h timeframe that I post below the comment section, the price has broken the descending line and then retested it perfectly.
Note: If you like the content and the setup, please give me a follow not to miss out on many altcoins charts to come.
In the 4h timeframe that I post below the comment section, the price has broken the descending line and then retested it perfectly.
Note: If you like the content and the setup, please give me a follow not to miss out on many altcoins charts to come.
Note
ZEC on 4h timeframe.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.