Given the widespread bearish sentiment seen across the crypto markets, ZCASH crypto currency can be expected to fall to the support level 250.00 – the breakout of which can lead to further losses toward 210.00.

  • ZCASH reversed from resistance area
  • Likely to fall to the support level 250.00

ZCASH crypto currency recently reversed down with the daily Japanese candlesticks reversal pattern long-legged Doji from the resistance area between the round resistance level 300.00 (which also stopped the previous impulse wave 1 at the start of October, as can be seen from the daily USDCHF chart below) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the earlier minor impulse wave 3 – which belongs to the intermediate impulse wave (3) from the middle of August.

Given the strength of the resistance level 300.00, widespread bearish sentiment seen across the crypto markets and the and the bearish divergence on the daily RSI indicator, ZCASH crypto currency can be expected to fall to the support level 250.00 – the breakout of which can lead to further losses toward 210.00.

ZCASH Technical Analysis

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