Crypto-currency market: ZEC/USD forms “head and shoulders”

The pair ZEC/USD, against the backdrop of the resumption of negative sentiment in the crypto currency market, formed the figure of “head and shoulders”, which may serve as a signal for accelerating the decline of this pair. So, the zone of significant support (neck line) is located in the range of 228.000-225.000. Fixing a pair below this zone will open the way for sellers to support levels: 215,000 and 210,000. Resistance is located at the level of 233.000-235.000, consolidation above which cancels the expectation of a decline in the pair.

Fig. ZEC/USD. Current price – 230.000

Also, read: “The main terminology of the crypto currency”

Dani Leviant