MarketMinds

ZEC/BTC analyses

Long
BINANCE:ZECBTC   Zcash / Bitcoin
Hello Traders,

In the long term chart, we can see that the price just broke the long term Resistance line, and starts to acumulate above the Resistance witch a good sign for the bulls.
On the daily chart we can see that this acumulation is Bullish Retangule, and the price just touche the support of the and the bulls shows up, and we have a buying pressure on this area, and we are forming a Hammer Candlestick pattern, witch is sign for trend reversal
On intraday timeframes we have this short term Resistance above 0.0060 sats
If the price breaks this resistance we have a lot of possibility to test the top of the retangule

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