Priceline of Zcash / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
RSI is oversold.
Volume profile is showing less interest of traders at PRZ level and MACD is strong bullish but...
Hi friends hope you are well and welcome to the new update on Zcash. 1st of all I would like to share a recap of my previous chart with you that I have shared back in Oct 2019. That the Zcash had formed a bullish Crab pattern on two day chart and I was expecting after taking the bullish divergence from the potential reversal zone of this pattern the Zcash will...
In my previous analyze I'm long for Zcash and I confirm again today, Zcash it's the last one who doesn't really pump. We should remember that the price for Zcash it had before it was 600 $. So we need a pump.
The whales has ready I can feeling that ;)
Zcash was consolidating for a long time since 10th of February till 1 week ago. That would be more than 100 days consolidation.
Now, after longer consolidation and after regaining 50% in 30 mins time on the 14th of May its was more than clear that Zcash is trying to push up.
Made an uptrend from 0.02
Uptrended from 0.0292 touched 0.0456 mark and retraced, but...
MA9 crossed MA50 toward upside, resistance downtrend line broken and tested as support, volume kicking in, H&S formation.
Vcash good hold for long term.
