BTCUSD pair is currently close to resistance levels, however, ZECBTC has shown weakness since its peak, and broke the Bearish triangle on the downside. Moreover, came back to test support and failed.
Therefore we have an exit signal.
There is a Risk/Reward of 1.17 on this exit, if levels are defined over resistance and under support zones.
Also, BTCUSD pair looks bullish.
RSI and Stochastic confirm downtrend of ZECBTC on the 12H, 6H, and 3H charts.
Therefore we have an exit signal.
There is a Risk/Reward of 1.17 on this exit, if levels are defined over resistance and under support zones.
Also, BTCUSD pair looks bullish.
RSI and Stochastic confirm downtrend of ZECBTC on the 12H, 6H, and 3H charts.