Joris@joris
September 13, 2020
Market outlook 09/13
After that brutal correction, the market was recovering slowly, and is now starting to show some strength.
- We reintegrated the bottom of a channel, and odds are we go up from here to return to the $71 - $77 congestion zone.
- We're above the 10 days SMA
- At the time of writing, MACD is close to become positive
- Zcash halving is in 65 days (https://www.coingecko.com/en/explain/zcash_halving)
All in all, Zcash just showed that its new bottom is $50 which is incredibly good for people who bought at $20 / $25 during the bear market
Take care !
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