HEY TRADERS, ZCASH SEEMS TO HAVE GAINED A SIGNIFICANT AMOUNT OF MOMENTUM WITHIN THE LAST 16 HOURS. IT'S QUITE POSSIBLE THAT WE WILL SEE A BREAK FROM THE WHITE RESIST LINE AROUND THE $450-477 MARK. WHICH WOULD BE A BULL RUN. IT'S ALSO POSSIBLE, THOUGH LESS LIKELY, THAT WE WILL ENTER A BEARISH RUN UNTIL WE HIT THE $429 MARK. WHERE WE WILL THEN EITHER HAVE ENOUGH MOMENTUM TO BREAK OUT OR REBOUND UP OR DOWN. HOPE THIS HELPED...HAPPY HUNTING!
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
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WE HAD ENOUGH MOMENTUM TO BREAK WHITE SUPPORT AT $460 FOR AN UPTREND. PRICE THEN TESTED $544 AND REBOUNDED, A SIGN OF WEAK MOMENTUM. WE WILL CONTINUE TO SEE RESISTANCE IN THE $544-580 RANGE. IF PRICE BREAKS OUT OF THIS RANGE WE ARE IN FOR A TREAT.