Zcash

Bear Flag or Bullish Flag for Zcash

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Zcash appears to be consolidating into a bearish flag or a bull flag after breaking to the upside of an ascending triangle.

The horizontal resistance of the macro ascending triangle has turned into the baseline support of a micro bear flag or bull flag.

The RSI is very low on a 1 year chart.

Zcash has made over half a dozen higher lows until recently we have seen a neutral low coinciding with the previous.

The williams alligator has turned downward which is bearish.

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