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๐Ÿ“ˆ Daily TA: Zcash (ZEC/USD) | 31-07-2021

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cryptospa
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Hello, dear members of LeoFinance!

Today I want to outline something important on the price chart of Zcash.

In the daily chart (1D), ZEC/USD has received support and rebounded from the neckline of the Inverted Head and Shoulders (typical trend reversal pattern): As can be seen from the chart, now, it is consolidating at the 360-day Moving Average (MA 360). In my view, this is the beginning of the uptrend renewal.

To be continued ...

As of the time of writing, one ZEC costs $117.62 on the Binance crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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