Zcash the cryptocurrency looking to use blockchain to change the way entertainment is distributed and sold is currently range bound. The currency recently broke above its level of resistance of ~592 USD and then run up against a ceiling of resistance near its all time high between 760-780 USD depending on the exchange. Watch for Zcash to stay range bound until it breaks out of down.
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Zcash is still moving within its channel.
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Zcash hit the lower bound of its channel once again. Look for a reversal to hit 700+ before hitting resistance.