koryu

zcash accumulation cylinder

Long
koryu Updated   
GEMINI:ZECUSD   Zcash
zcash seems ready for its next leg. its trading around the ma200 which has started to rise again.
Chart looks like a perfect livermore accumulation cylinder. Expect the ma200 to break and then sharp rally to new high.
Comment:
Didnt break above the ma200 again, should have horizontal support at 55$ and 45$.

Market seems not to like the founders/dev reward discussion. Resolving this could be the catalyst.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.