THELOGICALINDIAN - A able bullish blemish still retains some momentum
Zcash / USD Short-term amount analysis
Zcash has a bullish concise trading bias, with the ZEC / USD brace advancing to its accomplished trading akin back November 2024.
The four-hour time anatomy is assuming that a bullish blemish has occurred from a aloof triangle pattern, with the move college yet to ability its abounding upside target.
Technical indicators beyond the four-hour time anatomy accept angry bullish and are breeding a able bullish signal.
Pattern Watch
Traders should agenda that a above ambit breach has additionally taken abode on the four-hour time horizon.
Relative Strength Index
The RSI indicator on the four-hour time anatomy is bullish, although it has confused into acute overbought territory.
MACD Indicator
The MACD indicator on the four-hour time anatomy is bullish, with the MACD arresting band and histogram arising able buy signals.
Zcash / USD Medium-term amount analysis
Zcash has a able bullish bent over the medium-term, with the ZEC / USD brace assuming a above bullish blemish on the circadian time frame.
The circadian time anatomy is additionally assuming that beasts accept triggered a ample astern arch and amateur pattern, afterward the connected bullish blemish aloft the ZEC / USD pair’s 200-day affective average.
Technical indicators on the circadian time anatomy abide bullish and still accept ambit to barter higher.
Pattern Watch
Traders should agenda that the November 14th, 2024 swing-high is the antecedent upside ambition of the bullish astern arch and amateur arrangement on the circadian time frame.
Relative Strength Index
The RSI indicator is bullish on the circadian time frame, although it is now abutting overbought conditions.
MACD Indicator
The MACD indicator on the circadian time anatomy is bullish and continues to affair a buy signal.
Conclusion
Zcash has staged an absorbing abstruse blemish over both time horizons, with the cryptocurrency advancing to a new 2024 trading high.
While the blemish on the four-hour time anatomy is advancing completion, the bullish blemish on the circadian time anatomy still appears to be in its aboriginal stages.
We appear a quick coin guide to get started with the Zcash project.
On top of that, our analysts covered the activity in abyss in its Digital Asset Report.
