We can look at multiple signals here starting with EMA300 (grey line). This level is working as resistance and stopped ZECBTC from growing... This is clearly marked on the chart.
If EMA300 can be conquered, we will see prices flying up fast. But if instead EMA300 is too strong, we will see ZECBTC retrace and test the lower support (EMA200/EMA50).
The in light blue is another signal on this chart. With such strong consolidation, prices are likely to continue straight up.
If we look at the long-term chart, this is only the beginning and there is room for much more growth... Charts below:
Dec 5, 2019 | Zcash Starts To Go , Lots Of Potential For Growth
Jan 13 | Zcash Enters Bull Phase, Huge , Gaining Momentum
Thanks a lot for reading.
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