Zcash
Long

Technical analysis of ZEC/USD

With the growing mainstream popularity and interest in Bitcoin, including CME's announcement that they will be coming out with a more regulated way of trading bitcoin, there are lots of good fundamental reasons to invest in more private coins like XMRUSD and ZECUSD.

Along with good fundamentals, from a technical perspective, ZEC looks like it could be consolidating into a rally that could last several months. If the price range holds above ~$250 for the next few weeks I'll take it as a bullish flag to increase my buy-ins.

I'll be monitoring this one closely over the next few weeks.
Trend Analysis

Disclaimer