Zcash breaking out of bullish pennant
The daily MACD had already crossed on Nov. 6th, and now Zcash seems to confirm its upward push by breaking out of the pennant - notably from a cup/handle situation - on the daily graph. If it can break through its 455 resistance, Zcash looks really very strong and, with some patience, will afford some very healthy (hefty!?) profit targets at the .236 ($613,-)and .382 ($925,-) fib retracement levels.
I am totally unqualified to do Technical Analysis, and so this is not financial advice - just my opinion at the moment ;)
I am totally unqualified to do Technical Analysis, and so this is not financial advice - just my opinion at the moment ;)
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