ZEC Breaks Out From Long-Term Trading Pattern

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In Brief
  • ZEC has broken out from a symmetrical triangle.

  • The price is facing resistance at ₿0.008, ₿0.0105, and ₿0.0125.

  • ZEC is trading inside a short-term parallel ascending channel.

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The Zcash (ZEC) price has broken out from a long-term symmetrical triangle and is moving towards its next closest resistance area. However, the price is showing short-term signs of weakness, indicating that the first breakout attempt might be unsuccessful. ZEC Breaks Loose The ZEC price has been increasing since Dec 3, 2019, when it reached a low of ₿0.03499. It began an upward move

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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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