rajista

ZEC below SMA 50.

BITFINEX:ZECUSD   Zcash
Zec has retraced back to the 61.8% fib level, i.e 0.618 times the move that we saw from 281$ to 736$ during the 3rd week of December. It found support at the sma50 level but yesterday it broke the support zone near 61.8fib level and sma 50 and the zone is now being tested as a resistance level. Support zone near the 380$ mark with sma100 and 78.6% fib level. If it manages to break overhead resistance zone with substantial volume then target 1 will be at 684$. https://www.tradingview.com/chart/ULiIerWr

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