The upward trend of anonymous zcashAs an anonymous coin, it has always been a mixed blessing. Because of anonymity, it is easier to be favored by the dark web, but that is why regulators abhor it. Zech has been flat since it went public. Listing in bitfinex in 2017, adding a brief $2,500, then went all the way to become the leader in zeroing, and one of the top 10 major impairments of 2017. Until there is still 1% left, catch up with the 2108 ico explosion, at one point rebounded from $30 to $800, a full 30-fold increase, is also a model of big ups and downs. But then it continued to bounce back from a sluggish trend, plunging to a record low of $19 at one point in March.
It has now doubled its gain to $44 after a rally. Recently the trend is relatively strong, some say is half the bull market. I think if the half-way bull in Bitcoin had been faked, the others would have been not to mention. Even anonymous currency, you belong to the encrypted digital currency, it is difficult to break through the larger class of encrypted digital currency.
Fundamentals aside, because that's not my specialty, but I'm convinced that charts are all-encompassing.
The price now forms a rising channel, with the pressure level just around 46 superimposed on the pressure line, while the next resistance is $54, and the downward trend line is superimposed on the up 63.
If we look at the technical trend, macd long trend, moving average breakout, rising channel, is a holding signal, if you are holding a position now, consider continuing to hold,Drop below the support level to reduce the position. If you want to enter the market now, I think it may be up to see if you can break through the channel pressure. It doesn't make much sense to gamble for less than 5% of your profits. Trading strategies are based on a balance of security and profitability, which is a bit higher and must be your personal preference. But we can't go beyond the basic logic.
