ZEC/BTC Analysis: Looking to break upward?
Zcash looking to break upward? I Think So.
ZEC(Day Candle Chart) has formed an inverse head and shoulders pattern signaling fading downward strength. Upon completing the H&S formation, the price dipped again but failed to hold below the neck line of the H&S. This is another good sign of bull strength. We are currently at a strong resistance level of about 0.05 BTC, but if it can break above and hold, 0.05 BTC will become a strong support moving forward. Sorry it's so short but I'm in my lunch break.. Comments, questions, corrections? Let me know.
Almost every coin is following the trend of Bitcoin. Let's just hope Bitcoin has a great growth that leads Zcash, steem and many other coins.
I agree to a degree, btc is channeling downward tho and i expect $6k again before $9.5k, (edit start)but probably bounce off $9k-ish and fall back towards $6k. All my opinion tho. (edit end) Alts do always follow btc tho, especially in the usd markets.
I see what you are seeing! I think it will for sure breakout! Is zcash your favorite altcoin?
Yeah, id say so, (next to steem of course!)
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