Zcash Price Analysis – 21 November 2020

This Zcash Price Analysis – 21 November 2020, is hosted by BNC’s Josh Olszewicz and finds technicals for both ZEC/USD and ZEC/BTC show a bearish trend as both pairs sit near or below their respective 200-day EMAs and far below daily Clouds. Downside support for ZEC/USD sits at US$50 based on a yearly pivot and VPVR. The ZEC/BTC pair continues to sit within a multi-year bearish pitchfork which will invalidate beyond 0.0091 BTC. Both pairs are ripe for a long squeeze on Bitfinex with open interest over 90% net long.

Read the full Price Analysis here

Read Price Analysis for all crypto coins here


Leave a Reply

Your email address will not be published.