As the EMAs point still to a downward tendency, I am looking for a short entry on ZECUSD. I choose ZEC because it has shown greater downward momentum compared to other names. The chart presented is an INVERTED ZECUSD Chart. I will only take a short position if a base structure forms AND breaks. I'm anticipating a base because price will hesitate at these levels because it is a previous support (resistance in this inverted chart). Sell point is around 194 USD.
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