Zcash is going through a prolonged phase of consolidation. One can term it as range also as it is trading in between wide range of $317.35-$140 levels but nowadays it is hovering around $230.
In today's session too it is trading at $227 level with some positive bias and one can witness that range or consolidation in chart below.............
Clear Consolidation
One can clearly see the indecisiveness of both buyers and sellers in chart above. Moving averages is also pointing toward the indecisiveness as both 10 days EMA and 50 days EMA are curling around.
Triangle Pattern
One chart pattern has emerged in this ongoing long range consolidation and that pattern is Triangle pattern. ZEC is trading at edge of this triangle pattern which one can clearly see on chart above, so breakout on either side is around the corner and one should wait for clear breakout before entering this script as buyer or seller.
In Nutshell
A i mentioned in above paragraphs that right now their is no one in control of this script, so right now waiting for breakout is wise strategy in this script.
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