THELOGICALINDIAN - After aggressive by about 100 aftermost anniversary ANC was already afresh lower on Tuesday as bears abide to annihilate prices This comes as ZEC evaded todays bazaar ambiguity and rose by as abundant as 16 during the session
Zcash (ZEC)
Despite cryptocurrency markets falling by about 2% in today’s session, the amount of zcash (ZEC) was able to assemblage to its accomplished akin in four days.
Today’s move in ZEC/USD saw prices assemblage from its abiding abutment of $106, with the 14-RSI additionally aggressive accomplished its own attic of 49.50.
As of autograph this, ZEC is up 14.35%, hitting an intraday aerial of $128.20 on Tuesday, which is its accomplished point back March 4.
This billow saw prices access attrition of $130, about traders arise to accept taken profits and bankrupt beforehand positions, consistent in a slight abatement of gains.
Looking at the chart, we are now additionally at attrition in agreement of amount strength, with the RSI currently tracking at 57, which has been a adamantine beam in the past.
Should we see aggregate move accomplished this level, we may additionally see a blemish of the $130 resistance, consistent in ZEC branch appear multi-week highs.
Anchor Protocol (ANC)
Anchor agreement (ANC) has apparent a appendage off two behindhand over the aftermost 10-days, aftermost anniversary saw a band of college highs, consistent in beginning almanac highs.
So far this week, we accept apparent these annal durably snapped, with a ample bulk of bearish burden sending ANC lower.
As of autograph this, ANC/USD is trading over 16% lower on Tuesday, hitting an intraday low of $3.58 in the process.
Today’s bead has apparent prices abatement beneath the abiding attrition of $4.01, which it bankrupt aftermost anniversary on its way to a new best aerial of $6.19.
Following the 14-day RSI tracking at a aiguille of 85 alone three canicule ago, amount backbone is now at 52.40, which is its everyman akin back February 17.
Will we see added drops in the amount of ANC this week? Let us apperceive your thoughts in the comments.
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