benjihyam

$ZEC Zcash to fall 50+% from these levels

Short
BITFINEX:ZECUSD   Zcash / U.S. Dollar
If you look at the price action on the Zcash chart, price just tested and rejected the resistance at $163, which now sets up the possibility to fall to $56-70 as the next supports. If price can't hold there, then it can fall more. Just from looking at the chart, my interpretation leans towards price finding the $26 support before bouncing.

I think that's likely to play out over the coming weeks. I put pivots on the day for key dates to watch for changes in price action.

Let's see what happens.

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