ZEC has a inverse head and shoulders pattern forming as it approaches a major support line which has been crucial for the start of its uptrend in April. If it holds, we should see a reversal in the price action back to the neckline and hopefully further. Based on the head height, I have a set target price of .036. Bullish divergence can be seen on the MACD and RSI, also indicating a change in momentum from the bears to the bulls. Lots of potential with this coin.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.