Potentiall seeing a double bottom reversal with ZEC/USD. Clearly can see a bearish run from the peak of 430 down to the low of the first trough at 250. Trough then peaks at around 360 before declining into second trough, reaching a low of about 265. The advance from the trough was evident due to a high amount of buying pressure, which then sees a clear resistance break. From here this break will potentially see the resistance line become a support line. Should become clearer in the next few hours. What has become clear though is we can see a trend reversal and it now begins a bullish run. Price target is ~430
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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.