Zcash Super Strong | Next Target Mapped + Support LevelsHere we have ZECBTC (Zcash), one of the strongest altcoins within the cryptocurrency markets.
We can look at multiple signals here starting with EMA300 (grey line). This level is working as resistance and stopped ZECBTC from growing... This is clearly marked on the chart.
If EMA300 can be conquered, we will see prices flying up fast. But if instead EMA300 is too strong, we will see ZECBTC retrace and test the lower support (EMA200/EMA50).
The ascending triangle in light blue is another bullish signal on this chart. With such strong consolidation, prices are likely to continue straight up.
If we look at the long-term chart, this is only the beginning and there is room for much more growth... Charts below:
Dec 5, 2019 | Zcash Starts To Go Bullish, Lots Of Potential For Growth
Jan 13 | Zcash Enters Bull Phase, Huge Volume, Gaining Momentum
Thanks a lot for reading.
Namaste.
