Zcash cryptocurrency can be expected to rise further to the next resistance level 1100.00 (target price for the completion of the active intermediate impulse wave 3).
- Zcash broke round resistance level 1000.00.
- Likely to rise to resistance level 1100.00
Zcash cryptocurrency recently broke through the resistance zone lying at the intersection of the resistance level 900.00 (which stopped earlier impulse wave i at the end of August, as can be seen from the daily Zcash chart below) and the resistance trendline of the daily up channel from June. The breakout of this resistance zone accelerated the active minor impulse wave 3 of the intermediate impulse wave (3) from the start of June – which then broke above the round resistance level 1000.00.
Given the sharp daily uptrend which is accelerating in the last few weeks, Zcash cryptocurrency can be expected to rise further to the next resistance level 1100.00 (target price for the completion of the active intermediate impulse wave 3).