zCash facing steep bearish pressure, expect increased volatility

2017年10月9日

ZECUSD (zCash) is looking bearish since it lost support on a steep medium term bullish line (dotted white line on chart above) on October 2nd, and has made lower lows passig the October 5th low today, and appears to be following down a steep bearish resistance line (colored in magenta on chart above) and poised to drop further where support may be sought near $210 on a less bullish trend line where a strong bounce could follow. Considering that the pair is in between a crossroads of these opposing steep trends - large swings in either direction should follow while the immidiate term trend looks bearish with prices now near today's session lows of $224. The short-term bullish trend could abruptly resume if a strong bounce occurs near $210.

ZECUSD