ZCash Update: Key Support Zone to Watch for Longs

In this video I am updating my previous post where we described a potential move to the upside which happened with price reaching the exoected tp - the median line of the set. We now should wait to see if we can get a pullback to a key support zone , consist from the lower parellel of a rising channel, previous structure and the broken sliding parallel of the long term uptrend.

Feel free to like, comment and share your thoughts.

Have a nice weekend,
John

Comment:

As expected, price retraced to the sliding parallel of the median line. Most likely it will test it very soon and we should start watching for a buy setup completion.

Trade closed: target reached:

Price did exactly as expected. It retraced to the sliding parallel as shown in the chart in the previous comment and then rallied reached previous highs. Well done for those who followed ;)