CM_Trades

ZEC almost ready to moon?

Panjang
BITFINEX:ZECUSD   Zcash
  • ZEC continues to show strength even when markets have shown some weakness past 2 days
  • ZEC has moved above a few resistance levels so far but has gotten rejected at the key supply zone
  • A break above here could yield substantial gains for longs but we could see a pullback before we move up
  • For bulls, a pullback to the demand zone below would be the ideal spot to enter a long as the EMAs have crossed over as well and would provide support
  • Volume has followed the last 2 spikes above resistance levels, which is a good sign
  • With possible Coinbase listing at any time, price for ZEC will be well supported in the coming weeks/months (barring a complete market meltdown)

Thanks guys!

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