Zcash Sheds 14% Last Week, But Analysis Reveals Buying Opportunity

Zcash Sheds 14% Last Week, But Analysis Reveals Buying Opportunity


Zcash (ZEC) was treading a bearish route along with other altcoins, having shaved off as much as 14% in the past few days.

Zcash loses 14% last week but opens up an increased buying opportunity Awesome Oscillators looks bullish ZEC’s RSI at 42

On-chain metrics have shown a glimpse of a buying opportunity with a hint of a downtrend. Now, will the bulls pull it off and haul the price back to $66?

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Zcash Fibonacci retracement levels have hovered up from $55 to $92.6, showing an 83.4% retracement level, which is close to the key support zone of $58. In June, the $55 to $58 zone emerged to be a bullish lane.

OBV Hints Increased Buying Volume

More so, the OBV is also

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