$ZEC
Zcash daily chart update: bearish momentum back
Bitcoin reversal made the bounce short lived, not able even to re-touch the bottom side of the bears supply zone, right now Zcash is crossing down the 1M moving average and is directed to next supports, the EMA200 daily at 411 area then we have the top side of the bulls demand zone around 362.5 area and the 1 year moving average at 331 area.
Worth to watch close Bitcoin in the next 24-48H to get an idea of where the market wants to go.
Zcash daily chart update: bearish momentum back
Bitcoin reversal made the bounce short lived, not able even to re-touch the bottom side of the bears supply zone, right now Zcash is crossing down the 1M moving average and is directed to next supports, the EMA200 daily at 411 area then we have the top side of the bulls demand zone around 362.5 area and the 1 year moving average at 331 area.
Worth to watch close Bitcoin in the next 24-48H to get an idea of where the market wants to go.