TheTreeTrader

ZCASH Can Become Bullish Even In This Bearish Pattern

Long
WHITEBIT:ZECUSDT   Zcash / Tether US
If We Observe ZCASH in Bigger Timeframes like Weekly, We can See That the Price Is in a Big Descending Triangle! So you Might Think to yourself that the Price is gonna Decrease,But there is a Bullish Sign as well! There is a Regular Bullish Divergence (+RD) On MACD which will Determine our Calculations. The Chance of being Bullish Is High So we can Safely Say that the price will Increase Soon & WILL break the Triangle. The Next Possible Resistance is around 280$.

-ZCASH is in a Big Descending Triangle ( Weekly Timeframe )
-(+RD) On MACD will Change the Situation
-Price will become Bullish
-Resistance at 280$.

🔴This is only an idea and not a financial advise ( NFA )🔴

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