Zcash Channel Bound
Updated
Zcash the cryptocurrency looking to use blockchain to change the way entertainment is distributed and sold is currently range bound. The currency recently broke above its level of resistance of ~592 USD and then run up against a ceiling of resistance near its all time high between 760-780 USD depending on the exchange. Watch for Zcash to stay range bound until it breaks out of down.
Note
Zcash is still moving within its channel.Note
Zcash hit the lower bound of its channel once again. Look for a reversal to hit 700+ before hitting resistance.
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.