Long

ZCASH (ZEC/ USD) GAINS COMING

By BladeCatcher2049

Updated

HEY TRADERS, ZCASH SEEMS TO HAVE GAINED A SIGNIFICANT AMOUNT OF MOMENTUM WITHIN THE LAST 16 HOURS. IT'S QUITE POSSIBLE THAT WE WILL SEE A BREAK FROM THE WHITE RESIST LINE AROUND THE $450-477 MARK. WHICH WOULD BE A BULL RUN. IT'S ALSO POSSIBLE, THOUGH LESS LIKELY, THAT WE WILL ENTER A BEARISH RUN UNTIL WE HIT THE $429 MARK. WHERE WE WILL THEN EITHER HAVE ENOUGH MOMENTUM TO BREAK OUT OR REBOUND UP OR DOWN. HOPE THIS HELPED...HAPPY HUNTING!

**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**

Note

WE HAD ENOUGH MOMENTUM TO BREAK WHITE SUPPORT AT $460 FOR AN UPTREND. PRICE THEN TESTED $544 AND REBOUNDED, A SIGN OF WEAK MOMENTUM. WE WILL CONTINUE TO SEE RESISTANCE IN THE $544-580 RANGE. IF PRICE BREAKS OUT OF THIS RANGE WE ARE IN FOR A TREAT.

BladeCatcher2049

Also on:

Disclaimer

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.