Can Zcash Win The Privacy Race? A DARE Report [Video]
|On the price action side, the ZEC isn’t that exciting either. In fact, it’s just been hanging below the daily Ichimoku Cloud, around a key support of $51 for the past month. If the majority investing crowd lose their faith in the crypto for one second, it could start dropping like it’s hot towards the all-time-low level of $27.
On the flip side, if this support holds and ZCash believers start to pile up, we could see a brand-new bullish market sentiment that could take ZEC/USD above the Ichimoku cloud and towards the 23% Fibonacci level of $228.
For more from Invest Diva, click here
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.