We are sitting at very strong support for Zcash. Reasonable time to start a position if you're not in it already.
I see two paths for Zcash.
1. One more leg down if it can't break the diagonal trendline. Best be buying 3800-4000 satoshi range, this is around where Zcash bounced big earlier this year.
2. Breaks the trendline and we get back to summer highs.
I'm leaning towards option 2, as the ZEC halving in 2.5 months-ish seems to be the narrative here. Option 1 if the market stabilizes and BTC dominance continues its trip south.
I see two paths for Zcash.
1. One more leg down if it can't break the diagonal trendline. Best be buying 3800-4000 satoshi range, this is around where Zcash bounced big earlier this year.
2. Breaks the trendline and we get back to summer highs.
I'm leaning towards option 2, as the ZEC halving in 2.5 months-ish seems to be the narrative here. Option 1 if the market stabilizes and BTC dominance continues its trip south.