Zcash is the one coin I don't want to chart about, I'd like it to stay cheap for a few years to accumulate, lmao.
It appears as though Zcash is about to break the red horizontal resistance of the pattern, and if not the green upward sloping support will need to hold for any validity of the pattern. Unless there's a fake-out to the downside.
On the RSI there is an Ascending Triangle pattern similar to the price, there's a series of higher lows and moderately higher highs at the horizontal resistance of the pattern. The horizontal resistance dates back into February and probably longer if I charted a longer time frame, it's possible Zcash sees some rejection.
If there is some strong resistance at the horizontal area of the pattern I have drawn a hypothetical scenario in blue.
The KST is displaying a bullish cross where I have placed the blue downward-sloping finger.
It appears as though Zcash is about to break the red horizontal resistance of the pattern, and if not the green upward sloping support will need to hold for any validity of the pattern. Unless there's a fake-out to the downside.
On the RSI there is an Ascending Triangle pattern similar to the price, there's a series of higher lows and moderately higher highs at the horizontal resistance of the pattern. The horizontal resistance dates back into February and probably longer if I charted a longer time frame, it's possible Zcash sees some rejection.
If there is some strong resistance at the horizontal area of the pattern I have drawn a hypothetical scenario in blue.
The KST is displaying a bullish cross where I have placed the blue downward-sloping finger.
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