Zcash went up from the descending channel. Price is moving between two liquidity zones. During the sideways movement, trading volumes decreased. Volatility has declined. Price and RSI have formed a bullish divergence on the 30m Timeframe. I expect that after a break of the downtrend line the price will test the upper boundary of the liquidity zone, and after fixing above it will start the upward movement.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.