ZCASH Technical Analysis 3 November, 2021

• ZCASH reversed from resistance zone
• Likely to fall to support level 140.00

ZCASH cryptocurrency recently reversed down from the resistance zone lying at the intersection of the multi-month resistance level 185 (which has been reversing the price from last April, as can be seen from the daily ZCASH chart below) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the earlier impulse waves (iii) and C.

Given strength of the aforementioned resistance zone and the falling risk sentiment seen across the cryptocurrency markets today, ZCASH cryptocurrency can be expected to fall further toward the next support level 140.00 (low of the previous minor correction (i)) from the end of October).

Was this post helpful?