Zcash is looking to break the bear trend line and rocket upward to complete a double bottom pattern once past 313 USD. It is bullish now; a few days after the ZECBTC pair closed outside the 1D bollinger bands and left it's accumulation zone. For this ZECUSD pair, watch for both a breakout of bear trend line and also a close outside 1D bollinger bands.
If the IH&S is able to complete, breaking the bear trend line, the ensuing move would likely propel us back toward our previous BTC highs. With this being said; I'm still keeping in mind the current 235 day cycle which ends on October 9. The end of a bullish cycle marks the start of a downtrend over the next 235 day period. It would not be wise to ignore that.
TECHNICALS: 1W SAR swapped and we have closed outside bollinger bands on the 1D candles. 1W candle looking to close outside bollinger bands. Volume has declined over recent weeks so a break to a higher level would indicate the big money is getting in on move. FUNDAMENTALS: Well funded developer team with a solid roadmap. Has a good scaling solution planned...
Good technology behind this coin. After laying dormant most of the year, Monero finally made new ATH's 4 weeks ago. That rally was cut short by China fears and Bitcoin dumping hundreds of dollars; causing the entire crypto market cap to tumble in the process. TA shows that Monero has come to rest upon previous resistance, which is now support. It is likely that...