After falling down in a channel, ZCash managed to break out. Since then we can see an ascending triangle forming - a bullish sign.
Volatility is getting lower and we could expect a final attempt to break through the resistance level.
Stochastic RSI supports our expected next move back to the trend line before the end of the pattern.
After breaking 222 lvl. we might see a nice bull run without major barriers.
Good luck and peace!
Volatility is getting lower and we could expect a final attempt to break through the resistance level.
Stochastic RSI supports our expected next move back to the trend line before the end of the pattern.
After breaking 222 lvl. we might see a nice bull run without major barriers.
Good luck and peace!
Note
The averall awesome bull run was stoped by a Fibbonacci level at 256.18 USD as we can see on the chart. We can expect more resistance there as some will take profit in this area. Keep an eye on BTC.
Note
Keep an eye on possible recovery. It would create an upward channel if the Fibbonacci level will hold. Wait for confirmation of changing direction.Note
We had to wait 2 weeks but our target is gonna be reach soon. Congratulations if you managed to HODL the whole time!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.