Zcash Technical Analysis 14 December, 2021

• Zcash reversed from key support level 145.00
• Likely to rise to resistance level 185.00

Zcash cryptocurrency recently reversed up from the support zone lying between the key support level 145.00 (which has been reversing the price from the middle of September, then it was acting as the strong resistance level), strengthened by the nearby lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier minor impulse wave 5.

Given the strength of the support level 145.00, oversold reading on the daily Stochastic indicator and the improving risk sentiment seen across the cryptocurrency markets today , Zcash cryptocurrency can be expected to rise further toward the next resistance level 185.00 (top of wave 4 from the start of this month).

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