💥Since #ZCash bounced above the +$1,600 level, gaining over +8,000% since the previous year's low, it is about to complete a gigantic double-bottom formation.
⚡️As it is seen in my chart, the $ZEC price found strong support within the 50-EMA and 20-EMA, from which it bounced to the upside above the neckline support.
⚡️It has further support within the second ascending uptrendline, altogether building a major support cluster from which further upside bullishness is likely.
⚡️The technical double-bottom formation completion activated the double-bottom global target zone, as seen in my chart, within the $56,000 level.
This will be a great target to consider, especially because the ZEC price will easily move into a new all-time high from this point on.🚀
⚡️As it is seen in my chart, the $ZEC price found strong support within the 50-EMA and 20-EMA, from which it bounced to the upside above the neckline support.
⚡️It has further support within the second ascending uptrendline, altogether building a major support cluster from which further upside bullishness is likely.
⚡️The technical double-bottom formation completion activated the double-bottom global target zone, as seen in my chart, within the $56,000 level.
This will be a great target to consider, especially because the ZEC price will easily move into a new all-time high from this point on.🚀
