Zcash | Breaking Downtrend ..!!ZEC/USD (Zcash)
Breaking the Downtrend Resistance & Daily MA50 With Bullish Divergence in Daily Chart.
Volume is Increasing Slowly & Indicators Are Also Turning Bullish.
Major Resistance : 33$ , Major Support : 26.8$
If Resistance Broken , Next Target will be 44$ So Keep Your Eyes on Resistance level.
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ZECUSDT
ZEC bullish run has much more leftMulti-timeframe showing a clear bull run with key resistance level broken 2 days ago. Despite, the healthy pullback from what likely would have created an over-extended run. The correction not only brought back experience/successful traders/investors. It is helping provide the necessary strength in what very likely will be strong support in the near and/or distant future. Bulls continue the buying spree and who can stop them. The longer timeframes printing the infamous "bull-flag" that is widely used within the crypto communities. This, undoubtedly, will continue to bring new bulls. Despite, the fact resistance broke and ZEC does have a clear path to its next level(s). Baring, of course, any volatility and/or sudden bull rush in BTC. The tight range-bound BTC has been at; does help BINANCE:ZECBTC amplify the case for the title (of "much more left) of this analysis.
$ZECUSDT / $ZECUSD BuyMost Alts are still in bearish trends seeking their all time lows (or even something below that) to potentially bounce from. Thanks to the Flourish Crypto bot I was tipped off (and automatically entered into a long position) about one Alt which has already found a strong support from its previous all time low and is now going back up. That coin is ZCash BITFINEX:ZECUSD . Privacy will always be a sought after utility in the cryptoverse. The previous high was +2000% from the current area and we haven't seen these prices since early 2017. Mining ZCash in early 2017 was how I got into crypto, man those were the days.
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ZEC - Huge Volume Coming In, Big Move Imminent One name I noticed that was new in the top 10 alt performers for volume was ZEC. I think this may be indicative of a possible move upward here in the near future. If ZEC can break overhead resistance at .0041, there is very little resistance in its way upward which could mean big gains. The daily MACD is showing a bullish cross over the signal line and there's good bullish divergence. With this uptick in volume, I think this is what ZEC needs to break overhead resistance and start a strong bull run. I'll be buying the breakout.
ZCash Major ResistanceIt seems that ZCash will be accumilating for some time before revealing the next move.
For now, I'd expect it to reach the major resistance at $35.3. Then consolidation will either start or we'll see a break above, stimilating buyers to enter long positions.
On the other hand rejection of this level would lead to either another accumulation phase or could even push price lower, towards $30 area.