This analysis was a special request. I currently don't own any of this crypto, however I am considering buying it soon. That being said...
Support point at 119 seems to be holding well since May. With continuing respect for this support point, we can very well see zcash making its move up to the next higher heavens. We will either see it make a quick stop at 353 and develop a support point there before it makes its way higher to the newest, untouched resistance point at 2000. Long term goal is the 2000 zone, short term is around 350.
If you pay attention to the support point at 62, you can see it developed enough energy to smoke past the 119 resistance and right up to the 353 resistance. From there it pulled back to test the 119 support, which is where we are now.
We could very well be in that same position now, where price will smoke past the 353 resistance and make its way right up to 2000 before it pulls back to test the 353.
So either way, in my opinion, 2000 is the goal for zcash and sooner or later that goal will come to fruition.
Support point at 119 seems to be holding well since May. With continuing respect for this support point, we can very well see zcash making its move up to the next higher heavens. We will either see it make a quick stop at 353 and develop a support point there before it makes its way higher to the newest, untouched resistance point at 2000. Long term goal is the 2000 zone, short term is around 350.
If you pay attention to the support point at 62, you can see it developed enough energy to smoke past the 119 resistance and right up to the 353 resistance. From there it pulled back to test the 119 support, which is where we are now.
We could very well be in that same position now, where price will smoke past the 353 resistance and make its way right up to 2000 before it pulls back to test the 353.
So either way, in my opinion, 2000 is the goal for zcash and sooner or later that goal will come to fruition.