Zcash (ZEC) Solid Chart, Can Grow

6 thg 7, 2020

Zcash (ZECBTC) hasn't been making much 'noise' lately but the chart is pretty solid.
Not "strongly bullish" as most of the charts that I share but solid nonetheless which is still pretty good.

The prices for this pair remains trading above the major MA200 line and also EMA300, as well as the minor ones, EMA10/50/100.

I've kept this chart simple and marked the next main potential path.

Please notice that this just the potential path, surely other scenarios can develop but this is the most probable based on my experience and also the signals coming from the chart.

The dotted lines crossing the charts are for resistance and support.

Resistance = above the current price.
Support = below the current price.
Based on Fib. proportions.

This chart is different from other altcoins and shows real action (people/groups) rather than only trading bots buying and selling.
How do I know this you ask? 😊
Because of the patterns being drawn on the chart.

Thanks a lot for reading.

Namaste.

Previous chart | May 17