DrDovetail
Long

Possible falling wedge breakout on ZCash.

BITTREX:ZECBTC   Zcash / Bitcoin
Nice volume so far here but remember this is a 1 day chart pattern so there is still 7 hours left in the 1 day candle for a fakeout to occur...so far probability is favoring the breakout however. The 4hr stochrsi is definitely overextended for now though but it may ignore that and keep bullishly breaking upward.
Comment: current resistance on zecbtc is the 1 day chart's 50 simple moving average...for this breakout to be sustained it will need to flip that moving average to solidified support.
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