Zcash recovered rather well, and in a very solid position to continue demonstrate demand for this secure coin.
It can be anyone's guess where we go from here, but we do need volumes to really confirm the bull trend, for now we are confirming a double top, so, we definitively need to be above 60 soon, by July 22 it seems.
If price is not above 60 by July 22, correction might follow, unlikely, but watch out.
Looking for a breakout and hitting previous highs, with a dip and a breakout confirmation = ZCASH hodlers here.
So this is all very interesting, lets see how it works out.
__FRACTAL___ JULY 22
____REVIEW_____ ------------------------------------------------------------------------------------ As you can see, as soon as that triangle failed to form, u get out and hopeful had your SL triggered before that. This is a perfect example, that even though TA had the right set up, the price action ultimately sets the trend, not you.
*LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place!