I have compared SMA HI 20, three drives pattern and few trend lines.
As we can see SMA stays in the down (blue) trend channel and shows price of ~4120$, 4120$ is also a Hi of a 3th drive.
If all things will go as expected, todays hi will be ~4120$ and will be going down to the 1st (purple) or 2nd (green) trend line in next days/weeks.
2. If BTC will breake the...
Cant imagine the scenario where Bitcoin after exiting green squere will not fall to 4000$, this will be hard to break, we could see a correction or changing the trend as BTC would rise in the price. Then hell knows, 3500$ i would say is next realistic resistance level.
Why i put my trust in Zcash? There is many more popular and many more of them have higer dialy capitalization (for example lately LTC took lead over the ETH in dialy price range).
But the Zcash only has got "discovered" and well known resistance points, and has got really high ATH (the LTC got only 95$- I think- which is only about 117% of the current price of...