Is ZEC unable to hold on? Can Ethereum short again? Let's take a look.

As shown in the chart, ZEC faced resistance at 450 and started to pull back, currently falling to 437, which has yielded considerable profit. However, to be honest, ZEC is still quite resilient and not dropping much. For a more stable approach, one can take profits in batches above the support levels at 430 and 410, and then see if there is a significant rebound before continuing to short.

Then Ethereum shorted down 1% again from 3000 yesterday, repeatedly trading in segments, we have done this about 4 or 5 times, right? But ETH's MACD still seems to show some momentum, so it’s better to be cautious. The main position should be shorted near the resistance level of 3150-3200, with a good chance of making 50-100 points on a pullback.

Currently, the weekend volatility is minimal, and next week we will welcome the Christmas holiday. Wall Street's main players are starting to take vacations, so if there are no sudden news events, the volatility is expected to be low this week. During this time, profits may need to rely on small position arbitrage, and it is anticipated that after the holiday, a big trend will resume!