After Validating Support, ZEC Looks Primed for Continuation

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In Brief
  • ZEC has reclaimed the $73.5 area as support. The next resistance area is found at $115.

  • ZEC has broken out from a descending resistance line

  • ZEC/BTC has broken out from a 777 day resistance line.

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The Zcash (ZEC) price has broken out from an important resistance area and validated it as support afterward. The price should continue moving upwards and create a new yearly high. Long-Term Movement The weekly chart shows that ZEC has broken out above the $77.50 resistance area and validated it as support afterward, creating numerous long lower wicks. The same area acted as the top

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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