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Zcash (ZEC) Keeps on Rising: Bullish for Crypto (Altcoins)

What will the market do now? Will there be a crash or bullish continuation? The chart knows the answer to these questions so, let's ask the chart. ZECUSDT (Zcash) daily technical analysis Notice the fibo level around $1,100. This is the 1.618 extension, the golden ratio. ZECUSDT moved to hit a new all-time high and stopped right above this level. When the retrace occurred, still happening, support was found here. Notice how the action continues above support with a full green candle today. Let's keep it simple, shall we? As long as ZECUSDT trades above $1,000, we can consider this chart setup and trading pair as hyper-bullish; still moving within the price discovery phase, an uptrend, with higher always possible and expected. Only if the uptrend is compromised do we doubt or change, no other way. Since Zcash continues rising, we continue bullish. There is always one or another project moving first, ahead of the pack. We saw this with Hyperliquid recently and now Zcash is going beyond all expectations. What one does, the rest follows. Just as ZECUSDT can continue growing and is challenging resistance once more today; when it broke bullish, the entire market produced a very strong advance. Now that Zcash continues to move higher pushing prices up, we know that Bitcoin and the rest of the altcoins are good for additional growth. Thanks a lot for your continued support. Namaste.

TITradingView Ideas16 Sept