Zcash is entering a Major Resistance zone and possible top.
Above this one remains another resistance of previous high.
If we clear both, there are a Wide Open space for a big jump.
Previous ZEC analysis below $63 Targeted from $44
Above this one remains another resistance of previous high.
If we clear both, there are a Wide Open space for a big jump.
Previous ZEC analysis below $63 Targeted from $44
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Back in the resistance zone after initial rejection:
.
Zoom IN (8 min)
The reaction at the 2.382 earlier, told us its sister fib 2.236 would be relevant.
.
Zoom OUT (4 hr) and looking UP
we will be looking for reaction at the blue 1.764, the top bound of next resistance zone.
.
SUMMARY:
- Recovered well from initial rejection and now looking to flip resistance into support.
. Ideally it will hit the top bound at $65.27 before next pullback.
- We can adjust next target closer to $76.30 based on blue fit's relevance.
============================================================================================
.