Technical analysis Zcash. ZEC-BTC on May 14, 2018

July 26, 2018


The listing of this coin to the Gemini exchange had an impact on the price movement as an impulsive breakout which is +40% for the short period of time. On the long-term perspective, it looks positive, MACD is going to cross, Stoch RSI is very bullish with the strength for further growth. The positive news background creates good conditions for the future uptrend movement. The impulsive breakouts like this one are followed by the correction pullbacks, 330 level looks like a good support in case of a price fall. Zcash should be considered as a long-term investment.

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