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.
If you don't mind, could you go into more detail about the differences between bots and people?
IE: What are the different kinds of patterns they produce?
Also, this chart looks quite bullish. We had 3 weeks of accumulation. Then the pump was stopped short so the groups could accumulate more. Just be patient and this should show great gains.
Most of the altcoins print the exact same charts on different 'days', meaning that they only vary on when they produce the patterns rather than the patterns themselves.
When you see a completely different chart and buy/sell behaviour, you can tell that the market has different bots running it or there are real people/groups buying and selling.
When you see the same old chart over and over, you know it is just the usual bots doing their things.
IE: What are the different kinds of patterns they produce?
Also, this chart looks quite bullish. We had 3 weeks of accumulation. Then the pump was stopped short so the groups could accumulate more. Just be patient and this should show great gains.