It appears as though Zcash is forming an ascending triangle pattern, but often this can be confused with a bear flag depending on the Macro Trend of the asset.
The rsi is in a great place for the price to pump.
We have seen the price of Zcash touch the upward sloping support of the pattern over half a dozen times, this is the first time the price have dipped below the upward sloping support.
The price is going to need to rebound immediately if we're going to see a continuation of the pattern.
The rsi is in a great place for the price to pump.
We have seen the price of Zcash touch the upward sloping support of the pattern over half a dozen times, this is the first time the price have dipped below the upward sloping support.
The price is going to need to rebound immediately if we're going to see a continuation of the pattern.
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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.
Related publications
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.