Solldy

ZECUSD ❕ Head and shoulders

Long
COINBASE:ZECUSD   Zcash / U.S. Dollar
Zcash is moving in a downward channel near the upper boundary, between the two levels.
While moving near the support level , the price formed a head and shoulders pattern before reaching the resistance level .
Price is above the major MAs (1H TF)
50MA broke up 200MA (30m TF)
Price is above liquidity, but volume growth has slowed.
I expect the ZEC may continue to bounce if it fixes above the resistance level and trading volumes increase.

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