Zcash cryptocurrency can be expected to fall further to the next support level 750.00 (low of the previous correction iv).
- Zcash reversed from key resistance level 883.00
- Likely to fall to support level 750.00
Zcash cryptocurrency today reversed down from the resistance zone between the key resistance level 883.00 (which stopped the previous sharp upward impulse wave iii in the middle of August, as can be seen from the daily Zcash chart below) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the earlier minor impulse wave v – that belongs to the intermediate impulse wave (3) from the start of June.
Given the strong daily uptrend and the moderately bearish sentiment that can be seen across the crypto markets today, Zcash cryptocurrency can be expected to fall further to the next support level 750.00 (low of the previous correction iv).