Zcash cryptocurrency can be expected to rise to the next resistance level 1500.00 – target price for the active impulse wave C.
- Zcash broke above the key resistance level 1300.00
- Likely to rise to resistance level 105.00
Zcash cryptocurrency recently broke above the key resistance level 1300.00 – that stopped the previous minor impulse wave ii at the start of September, as can be seen from the daily Zcash chart below. The breakout of this resistance zone follows the earlier upward reversal from the pivotal support level 1080.00 – which started the active minor impulse wave C of the intermediate impulse wave C from the start of June. The breakout of the resistance level 1300.00 should accelerate the active intermediate impulse wave C.
Given the overriding daily uptrend, which is accelerating (as can be seen by the progressively stepper up channels the price is rising in), Zcash cryptocurrency can be expected to rise to the next resistance level 1500.00 – target price for the active impulse wave C.
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