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$ZEC Z-Cash At Resistance!?
Bullish + Bearish POV
$ZEC is just above the 4hr 200MA but also at the resistance of the white bullflag consolidation pattern.
The question is if price action can break out above the white trendline of the bullflag.
We can also see a orange cup and handle pattern that has nearing the end of the handle consolidation. The handle is in the form of a bullish pennant.
There is a bearish divergence on the 4hr RSI.
This is also a hidden bearish divergence on the 4hr stochastic RSI.
$ZEC Cup and Handle Target
1) $608.88
$ZEC Pink Rising Wedge Bearflag Target
1) $205.67
The big picture fibbonachi retracement golden pocket is between $284.41 and $248.73.
Im open to either possibility up or down. But my bet is on the $ZEC bears currently.
NFA, DYOR ⚠️
#Crypto #Trading #ZEC