ZECUSDT
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.
Zcash has shown a strong reversal pattern !Hello, Traders!
Monfex is at your service and today we overview ZEC/BTC.
Diamond reversal pattern.
This pattern also finds support from RSI, the indicator has a certain upward trend, which is a good sign for bulls, but most likely not soon.
The support zone ~ 0,004350-4300
Share your thoughts, ideas about the market under the chart.
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
ZCASH double bottom... maybe.ZEC / Z CASH
- Privacy coin
- Low circulation
- See if $43 holds as support
- Potential double bottom setup for massive breakout run
- Tight range / Squeeze
- $26 is next support if failed to breach
- I think this coin will run hard when it breaks free
Drop a comment below :)