Zcash has been in a rising trend for years and this pattern is set to continue. Looking at the daily timeframe, today we have a full green candle coupled with rising volume. ZECUSDT is ready to produce a bullish continuation, the resumption of the long-term uptrend.
The retrace lasted almost three months, 86 days, starting 26-May. We are already at 20-August and even though its been three months there are no new lows, this is a signal of strength.
If you look at the volume indicator, there is no significant rise in volume since April.
The last peak happened December 2024 with a price tag of $79. The next high is set to happen around $113 followed by additional growth, $168. This opens up 195% and 336% profits potential to be achieved mid-term, within 1-3 months.
I like this chart setup with leverage due to timing but I missed the main entry, will look at it again.
Overall, market conditions are good but will definitely improve. Patience is key. The market is set to resume growing.
Namaste.
The retrace lasted almost three months, 86 days, starting 26-May. We are already at 20-August and even though its been three months there are no new lows, this is a signal of strength.
If you look at the volume indicator, there is no significant rise in volume since April.
The last peak happened December 2024 with a price tag of $79. The next high is set to happen around $113 followed by additional growth, $168. This opens up 195% and 336% profits potential to be achieved mid-term, within 1-3 months.
I like this chart setup with leverage due to timing but I missed the main entry, will look at it again.
Overall, market conditions are good but will definitely improve. Patience is key. The market is set to resume growing.
Namaste.
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🚨 TOP FREE Trades
ETH +2050% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +580% · SOL +687%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6681
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
ETH +2050% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +580% · SOL +687%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6681
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
Related publications
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.