The first Zcash hard fork called “Overwinter” is fast-approaching this June, and the price of Zcash has really begun to breakout the past couple days as the price has rallied from $258 to $374 since Sunday’s close. A potential area of support for ZEC is near the 50% retracement of the downtrend from February through March, which happens to align with the midpoint of the body of today’s candle. A potential target is for a retest of today’s high near the 61.8% retracement at $317.65 and a full retracement at $494.00 if that level breaks. The current daily ATR is at $30.76, and so a potential stop could be placed one-half that amount below the entry if the price tests the projected support level, and adjusted that amount below each successive higher low.
I always like seeing ZCash get more publicity.
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