ZEC/USD Uptrend Channel Holds - Triangle Break May Soon Follow!

As predicted in my last analysis, Zcash dropped down from the tight area it was in and found support at the bottom of the channel at the 105-107 area. From here Zcash may continue to bounce around inside the area between the bottom of the channel and the blue triangle before a break above the triangle, or it may simply break above the channel. As before, upon a triangle breakout, a move towards the top of the uptrend channel to around 125 is expected.

Smoking Horsey