This Zcash Price Analysis – 24th October 2023, is hosted by BNC’s Josh Olszewicz and finds technicals for both ZEC/USD and ZEC/BTC show a bearish trend as both pairs sit below their respective 200-day EMAs and daily Clouds. Downside support for ZEC/USD sits at US$50 based on a yearly pivot and VPVR. Downside support for ZEC/BTC sits from 0.0043 BTC sats to 0.005 BTC sats based on VPVR. The ZEC/BTC pair continues to sit within a multi-year bearish pitchfork which will invalidate beyond 0.010 BTC. Both pairs are ripe for a long squeeze on Bitfinex with open interest over 90% net long.
Read the full Price Analysis here
https://bravenewcoin.com/insights/zcash-price-analysis-protocol-upgrade-on-the-horizon
Read Price Analysis for all crypto coins here
https://bravenewcoin.com/insights/price-analysis
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