After the massive sell off on february 05 - 06 Zcash crossed the indicated descending trend channel from bottom to top.
But it hasn´t had enough momentum to break the upper limit.
So this trend channel is still active!
Also the existing swing trend line is a resistance for Zcash.
buy: oubreak out of the trend channel to the top. first aim is fib retracement at 100% (404$) take profit or hodl
stop: below swing trend line (orange) at 325$; second stop at swing trend line 282$
Indicators:
RSI: positive; descending trend is broken
MACD: neutral
Volume: most is out of market
EMA 20: price has crossed EMA and stays above, EMA is rising (positive in short term)
But it hasn´t had enough momentum to break the upper limit.
So this trend channel is still active!
Also the existing swing trend line is a resistance for Zcash.
buy: oubreak out of the trend channel to the top. first aim is fib retracement at 100% (404$) take profit or hodl
stop: below swing trend line (orange) at 325$; second stop at swing trend line 282$
Indicators:
RSI: positive; descending trend is broken
MACD: neutral
Volume: most is out of market
EMA 20: price has crossed EMA and stays above, EMA is rising (positive in short term)