Could ZCASH go through mean reversion to the upside?
מעודכן
ZEC is an interesting prospect right now. Mainly because it's counterparty trust, 
ZCSH is trading at a massive premium to spot at the moment. So this begs the question, which one is lying?
Historically ZEC has been in a long-term downtrend and generally can be very fickle with what it does and how it moves. This is not a long-term play for me, but it's worth a gamble to see if the spot coin is the one that is indeed not telling the truth and decides to rocket up a lot quicker.
A few minor technical factors to note like MACD moving higher and strength in RSU, but none I like that much. This trade is more of a mean reversion play and the fact that ZEC is one of the very few crypto's that hasn't moved but also has a trust on the OTC market at the moment.
Cheers,
TCD
ZCSH is trading at a massive premium to spot at the moment. So this begs the question, which one is lying?Historically ZEC has been in a long-term downtrend and generally can be very fickle with what it does and how it moves. This is not a long-term play for me, but it's worth a gamble to see if the spot coin is the one that is indeed not telling the truth and decides to rocket up a lot quicker.
A few minor technical factors to note like MACD moving higher and strength in RSU, but none I like that much. This trade is more of a mean reversion play and the fact that ZEC is one of the very few crypto's that hasn't moved but also has a trust on the OTC market at the moment.
Cheers,
TCD
הפקודה בוטלה
Trade closed with nominal loss. It's not going anywhere at the moment and doesn't appear it's going to eitherהערה
Correction sold for a nominal profit.
Opinions on Chart's, not financial advice.
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