During the last 9-12 months, Zcash has show up a bullish divergence on RSI, which has not finished to reach the oversold levels at 70 on the weekly there has been a resistance level around 50 on RSI, which hasnt allowed the price a good uptrend movement above the resistance on 0.0447.MACD has been making a bullish divergence(building its value up to -0.0033) each time the MACD lines made a crossover or stays above the signal line has shown an impulse wave from the price chart, Stoch oscilator hasnt reached an overbought level in the last couple of months and has returned to Oversold value, CCI on the daily chart is reaching oversold levels and soon should be to make a divergence (which stoch is somewhat doing) to start the next wave,Zcash price chart shows that the waves are forming a symmetrical triangle. to start bullish trend, this impulse wave is foring up has to break the upper side of the triangle around 0.0388-0.039.The wave count of the triangle describes as bullish pattern but first we would need to break the upper side of the triangle, and regarding to long term MACD value, if ZEC reaches the possitive side of the MACD, it will likely mean a price action beyond with a big impulse wave, and a sustained MACD in the possitive side will mean a continued uptrend breaking the All time high price of 0.187BTC per ZCash
Inmmediate resistance has been marked on the chart,important resistance should be on the tail/base/top of the candle at the end/begining of the waves
Inmediate Target 0.0388 Above this it should be bullish ,until face next resistance at 0.0447
Inmmediate resistance has been marked on the chart,important resistance should be on the tail/base/top of the candle at the end/begining of the waves
Inmediate Target 0.0388 Above this it should be bullish ,until face next resistance at 0.0447
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