Technical analysis for today(2) Stratis STRAT Zcash ZEC Bitshares BTS Antshares ANS
Stratis STRAT
Stratis was good compared to Bitcoin during the sale, remaining within the long-term consolidation model that we controlled. The coin kept above the level of 0.00215 on the BTC chart, and long-term support was about $ 5.75 against the US dollar. The declining short-term trend remains intact, and the positions that play on the rebound should remain small, as volatility will still remain on top.
Zcash
ZEC broke several strong support levels during the correction both on the BTC chart and on a more volatile dollar chart. The long-term picture contributes to greater consolidation, as the coin recently reached new highs, and it entered a correction in a state of overbought. Short-term traders should wait with new long positions, while long-term investors can at their existing positions, if the currency conducts repeated checks of its latest lows.
Bitshares (BTS)
Bitshares slipped below the key level of 0.0001, which acted as support before correction, and found support at 61.8% of Fibonacci retracement, where it is currently trading. The coin is still in an advanced long-term trend, with the trend line slightly above 0.00008, providing a possible final target for correction and a good entry point for long-term investors.
Steem
Steem broke below 0.00075 during the correction and fell below other important support near the level of 0.00066, but the coin rebounded strongly above this zone. The declining short-term trend line remains untouched, and although Steem is below the long-term trend line. A quick rally will trigger a new buy signal.
Antshares AN
Antarshares was already in a steep short-term downtrend when the correction started, and it fell below 0.002 two days ago, but yesterday it was well above the lows. The 30-minute chart is already on the buy signal, and a break above 0.003 will further confirm the uptrend. The levels of 0.00315 and 0.004375 are targets for the rally, while the gap below the short-term trend line at 0.0025 will warn of further consolidation.