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.
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.
⭐Free CRYPTO Telegram Channel https://t.me/SolldyChannel
🏆TOP 1 Crypto BROKER🏆 - https://solldy.com/Binance
🏆TOP 1 Crypto BROKER🏆 - https://solldy.com/Binance