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AwesomeTrade

You missed ETH? Jump on ZCash!

Long
Zcash (BITFINEX:ZECUSD)  
AwesomeTrade Updated   
BITFINEX:ZECUSD   Zcash
Trend Analysis Chart Patterns Ascending Triangle Ascending Channel breakout Bullish Patterns
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trendanalysis chartpattern ascendingtriangle ascendingchannel breakout bullish
After falling down in a channel, ZCash managed to break out. Since then we can see an ascending triangle forming - a bullish sign.

Volatility is getting lower and we could expect a final attempt to break through the resistance level.
Stochastic RSI supports our expected next move back to the trend line before the end of the pattern.

After breaking 222 lvl. we might see a nice bull run without major barriers.

Good luck and peace!
Comment:
The averall awesome bull run was stoped by a Fibbonacci level at 256.18 USD as we can see on the chart. We can expect more resistance there as some will take profit in this area.
Keep an eye on BTC.
Comment:
Keep an eye on possible recovery. It would create an upward channel if the Fibbonacci level will hold. Wait for confirmation of changing direction.
Comment:
We had to wait 2 weeks but our target is gonna be reach soon. Congratulations if you managed to HODL the whole time!
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