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Rawlings_NG

ZEC is at a level to watch out for.

Long
Zcash (COINBASE:ZECUSD)  
Rawlings_NG Updated   
COINBASE:ZECUSD   Zcash
Technical Indicators Chart Patterns Trend Analysis ZECUSD zec zecusdlong ZECUSDT Cryptocurrency altcoins
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indicator chartpattern trendanalysis zecusd zec zecusdlong zecusdt cryptocurrency altcoins
ZEC is at a a level around FIB23.8 zone which is also the support of the ascending channel. This is acting as an important support zone.

We hope the Bull will be able to ride this asset up from here. However, the fall may continue if this support zone is broken.

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Comment:
ZEC broke out of our channel and FIB50 is now acting as a support zone.

The question is : will there be a retest or the fall is going to continue?
Comment:
This asset has broken out of FIB50 and it is already retesting FIB50.

if the overall bearish market continues, I believe we may be heading down to FIB61.8 which is &130 - $135 zone.
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