1 mins read
ZCash: ⬇️ Sell
– ZCash reversed from round resistance level 300.00
– Likely to fall to support level 240.00
ZCash cryptocurrency recently reversed down from the resistance area surrounding the round resistance level 300.00 (which stopped the previous impulse wave 1 at the start of October).
The downward reversal from this resistance area formed the daily Japanese candlesticks reversal pattern long-legged Doji.
Given the strength of the resistance level 300.00 and the bearish divergence on the dally Stochastic, ZCash cryptocurrency can be expected to fall to the next support level 240.00.
Source: https://fxpro.news
