Heads up! Zcash finally broke free of this descending channel. Back-tested briefly and is now playing off this bull div and a shaded squeeze move. Also, note the Phantom has flipped bullish again after several weeks of downside.
Zooming in, we've even got a decent double bottom that's in the process of breaking out. If this holds, it would complete a move back towards ~$500 minimum.
Let's not get ahead of ourselves though, let's see how this plays out today first.
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$ZEC
Heads up! Zcash finally broke free of this descending channel. Back-tested briefly and is now playing off this bull div and a shaded squeeze move. Also, note the Phantom has flipped bullish again after several weeks of downside.
Zooming in, we've even got a decent double bottom that's in the process of breaking out. If this holds, it would complete a move back towards ~$500 minimum.
Let's not get ahead of ourselves though, let's see how this plays out today first.