$ZEC RUNS INTO AN IMPORTANT CORRECTION 📉
TECHNICAL ANALYSIS AND MARKET STRUCTURE

Today I’m bringing you the technical analysis of Zcash, where I explain why it would be important for you to take profits if you’re a holder.

🤔🤔 WHY? Here I explain it to you 👇

📊 Technical Analysis on the Daily Chart (1D):

* Before the boom, $ZEC had an organic uptrend but with a low slope (lower blue line).

* After the important news developed around ZEC, the upward line changed its angle sharply to a steeper slope (upper blue line).

But as Technical Analysis theory teaches, these trends aren’t sustainable.

The market needs to "breathe" and find a healthy advance angle (close to 45°, represented by the red line)
so that we can build a stronger structure; we will look to touch certain supports and trend lines.

⚠️Possible Future Drop:

Currently we’re seeing a small drop in price from the last high at 1698, and we may have another drop toward the following supports 👇👇


💲 Important Supports (Possible entry prices) 📉
These are located at: 💲1260
Up to 💲1050

(If you want to enter Zec, try to take these prices into account.)

It’s important that you do your own research and analysis, but if you’re a holder of this crypto, it’s better that you’re warned and informed if you hadn’t seen it from this point.

BUT FIRST TELL ME:
💬 Are you holding? Do you think $ZEC will suffer this move, or will it keep rising like it is doing right now?

I’ll read you in the comments 👇👇

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⚠️ This content is exclusively educational and informational and does not constitute financial advice or an investment recommendation. Cryptocurrencies are highly volatile assets. Always do your own research (DYOR)

#Zcash #ZEC #Crypto #Trading #ZECBTC