The Trust Layer for Market Analysts

The analyst discusses ZECUSDT. The current price is $473. He notes that privacy coins are up 30% over the past 7 days. He reviews a Twitter post about market correction and holding on low leverage. The technical analysis shows a rising wedge pattern, but the analyst notes the price seems to be nullifying the technicals. He observes significant support around $366, with ZEC bouncing back up whenever it nears this level. The analyst points out that the price action is making higher highs, but the relative strength index is showing lower lows, which is unusual. On the daily chart, the RSI is forming lower highs while the price is making higher highs. He suggest someone wants to get ZEC to $1,000 and he would not be surprised. He notes there is resistance around $480. He suggests it's very risky to ape into long and short positions. He also notes the weekly RSI indicates it is topped out. He is not buying coins that are at all time high.