- ZEC looks very bullish to me right now. It found support at the 0.236 fib level (where we also had a strong support provided by the VPVR) from which it rebounded and finally broke the descending trend line. This triggered a very bullish move to the upside today and it probably marks only the start of a much brighter bull run for Zcash.
- The green boxes are areas of support & resistance provided by the VPVR.
- The volume was on a downward trend until today and is just about to change its course.
- Technically ZEC has the perfect setup for a bullish outcome in the near future and fundamentally the things are looking also very good.
- The Heartwood upgrade is on the horizon and will be activated this summer, at the block 903,000 (mid-July). Furthermore, the halving is expected to happen in November this year. Historically, the months before the halving were very bullish for the coins which have the halving integrated into the protocol, like Bitcoin and Litecoin.
My first target would be 0.00585.
Second target - 0.00685.
Third target - 0.00700.
And the final test would be in the 0.0075-0.00800 area.
- The green boxes are areas of support & resistance provided by the VPVR.
- The volume was on a downward trend until today and is just about to change its course.
- Technically ZEC has the perfect setup for a bullish outcome in the near future and fundamentally the things are looking also very good.
- The Heartwood upgrade is on the horizon and will be activated this summer, at the block 903,000 (mid-July). Furthermore, the halving is expected to happen in November this year. Historically, the months before the halving were very bullish for the coins which have the halving integrated into the protocol, like Bitcoin and Litecoin.
My first target would be 0.00585.
Second target - 0.00685.
Third target - 0.00700.
And the final test would be in the 0.0075-0.00800 area.
Comment:
ZECUSD
Trade active:
The first target has been reached.