Zcash cryptocurrency can be expected to rise to the next resistance level 538.50 (which stopped earlier short-term ABC correction 2 in the middle of June).
- Zcash broke resistance area
- Likely to rise to resistance level 538.50
Zcash cryptocurrency recently broke the resistance area located between the resistance level 465.60 (which stopped the previous wave a at the start of July, as can be seen from the daily Zcash chart below) and the 50% Fibonacci correction of the downward impulse from the middle of May. The breakout of this resistance area should accelerate the active minor correction ii from the end of June.
Given the improved sentiment seen across the cryptocurrency markets recently, Zcash cryptocurrency can be expected to rise to the next resistance level 538.50 (which stopped earlier short-term ABC correction 2 in the middle of June) – from where the downward correction is likely.
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