Tuttle: Files for 2x Zcash Leveraged ETF
Eric Balchunas reports that Tuttle is filing for a series of hyper-specific leveraged ETFs including a 2x Asian Memory product and a 2x Zcash ETF on the same day ZEC trades at $1225.23 inside its Bollinger band.
SourceAnalysis
Tuttle filed paperwork for multiple hyper-specific leveraged ETFs, including a 2x Asian Memory vehicle and a 2x Zcash product, according to Eric Balchunas.
ZEC sits at $1225.23 on the 4h chart, holding above the EMA50 at $1210.7 while the EMA200 at $1257.28 caps upside. The MACD golden cross at 3.79 keeps the structure bullish, yet price remains inside the Bollinger band with upper resistance at $1254.94 and lower support at $1147.99. RSI at 52.85 shows no overbought pressure, so a clean test of the $1254.94 band edge looks probable before any deeper pullback to the 50-EMA support.
Eric Balchunas
@EricBalchunasBloomberg's Senior ETF Analyst and acclaimed author, co-hosting Trillions & ETF IQ while bringing deep institutional investment insights.