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Zec

ZEC Head & Shoulder Pattern ZEC has given investors an exciting start of 2020 with over 100% returns! I believe this coin has a very bright future mid to long term and beyond. Keep in mind ZEC originally hit the market at $2.3 million. It is one of the coins to completely retrace in price and had a beautiful double bottom last December. However, Im seeing a head and shoulder pattern play out on multiple timeframes at the moment. After explosive price action could ZEC be due for some downside price momentum in the coming days? We are still forming higher lows but at the least I'm expecting a move back to the neckline at which point I will be waiting to see how price reacts. A break below the neckline (around $49) would be bearish for the short term. The measured move from the neckline to the top of the head is about 30%. A 30% drop from neckline area would take us to the low $30 range which is near our long term descending resistance line to possibly be tested now as support. (price rejected off of it last year around halloween and again in mid December). Im extremely bullish on crypto but I have been around long enough to realize the market moves regardless of my opinion. Any insight would be greatly appreciated as I am still a student and am always eager to learn and collab with like minded individuals. Thanks for taking the time to read my post! Wish you all the absolute best.
KRAKEN:ZECUSD
by MitchMilli
Zcash Enters Bull Phase, Huge Volume, Gaining MomentumZcash (ZECBTC) just broke the last high and is now trading above EMA100... Momentum is starting to build up. Looking at the volume indicator, the green bars are becoming bigger, strong volume to break above EMA100 and the black trendline, we also have a very strong RSI. Zcash can easily produce an impulse move to the upside next, based on the signals mentioned above. You can find all the main targets and the most important resistance levels marked on the chart. Make sure to leave a comment if you have any questions, it is my pleasure to answer. Namaste.
by AlanSantana
3
ZCash GambleI know people haven't been doing much with ZCash and it's gotten destroyed. But here's the thing, we haven't seen a rebound in ZCash basically at all. Technically the RSI is oversold. But that matters very little. It does indicate we'll get a bounce up, but we are banking on that in the coming years with increased global turmoil, we'll see a move back to privacy coins. And with the halving, this could start moving. The all time was at the $800 area and even if it only goes to $120 it's previous high point, we make a VERY good ROI. if you are going to roll the dice, do so with a small amount. Best of luck. -Sherem
BITFINEX:ZECUSDLong
by Sherem