Zcash can see a big price shock – here it is.
The price of zikash will take this cycle by more than 700% in three months and take a healthy pause. After last week's strong finish, it is currently raising the question of whether the price will pull back or simply reset.
Although short-term price action is known without analysis, chain and volume data readings can still be monitored quietly. The next move can continue to strengthen on ZCASH.
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If the yers raise the voices, they still control
The price of ZCASH is currently in a triangular pattern, which reflects the short-term bull rather than the bearish and sudden situation. Above all, it continues to respect the reproductive trend line that stimulates this cycle. So far, it has been developed extensively.
Adds a key context to the character of the sound. Wise analysis of the Wyckoff-sala-salual division, blue bars indicate the activity of the yer-LED, yellow and red bars increase the control of the seller.
Although the bull volume has recently cooled, blue bars are still dominant. After the Fection on October 17th, a similar problem occurred, zcash continued its campaign by more than 300 percent.
Cooling volume alone did not end that trend. As long as the blue bars are dominant, the spear can be broken, but it can remain strong.
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Spatial flow data reinforces this picture. Coins that move up or down go out.
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Explosives suggest that you drink things that can be sold, stockpiles. In the year On December 12, Zikash recorded approximately 14.26 million dollars in space flow, the coins are transferred to exchanges.
On December 13th, they pulled the coins out of the exchanges, showing the coins were well over $17.34 million.
The case matters. Exchange issuers reduce the pressure of immediate sales and often reflect that buyers are reflected in the markets instead of spreading the position to the strength.
Despite the mild response of about 2.5% in the last 24 hours, Zyksh remains above 700% from the last three months of the last week. The trend is not broken. It is integrated.
Zikash price levels that define the next movement
The value of ZCASH in the labor structure of the well should be cut off from the triangle. A key level to watch is $511, a 24% move from current levels. Above this level, the quality of the customs and the control of the signal generator will be checked every day.
If that ground occurs, the first target level will be placed above $549, which happened earlier in the UR cycle with $733. If you can reach those people, there are high resistance zones near $850 and $1,190, which require grace and supportive market conditions.
The danger below is clearly defined. If the price of zikash breaks $430, the triangle structure will be exhausted. A strong support will be placed near $391, and if the deep rotation spreads out from the 301 summer low in the market, it may open the door to $301.
