ZCash is approaching it's ATH and looks set to break it. Currently we can see divergence on the ADL, which is also indicating that there is more buy support than there ever has been for ZCash. We can also see two large buy candles in the volume with not much price movement (apart from the first, which has a large wick), indicating some large accumulating buys. I'll be adding some position here, as well as more once the MACD crosses back up again, especially if it crosses above the line. We can also see that the majority of the price is playing inside the nice ascending channel, giving us some potential buy/sell areas in the future
Note
Boom ZEC broke out really nicely. May get a bit of a pullback but as far as I see, TA wise, the next target is $500Note
Sorry $500 is the next resistance to break. Would love to see it turn into supportNote
If we can hold support on $500 we could see a lot more upward movementNote
Looks like there is support at $665. Keep watching
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.