$ZEC - Diving deep(er)?
Based on the indicators, ZEC looks mega bullish. As a result, the token's daily chart shows a bearish EMA crossover.
Usually, this indicates further downward momentum.
All moving averages are bearish, and the ADX indicates a strong trend.
Although we have some first oversold momentum indicators, this signal looks quite reliable.
Historical success rates are promising: In 84% of historical EMA crossover for ZEC the price declined by more than 10% in the following 30 days.
