Zcash : ⬇️ Sell
– Zcash reversed from resistance area
– Likely to fall to support level 500.00
Zcash cryptocurrency recently reversed down from the resistance area between the resistance level 674.00 (which has been reversing the price from last November) and the upper daily Bollinger Band.
The downward reversal from this resistance zone created the daily Evening Star – that was followed by the Bearish Engulfing candlesticks pattern – which started the active impulse wave c.
Given the strength of the resistance level 674.00 , Zcash cryptocurrency can be expected to fall to the next round support level 500.00 (low of the previous correction iv and the target for the completion of the active wave c).