Monero price breaches the neckline of a negative technical pattern – Analysis
Zcash (ZECUSD) declined in its latest intraday trading, as the price takes profits from its previous gains while attempting to unload part of its overbought condition on the RSI, especially with emerging negative signals. This pullback comes as the price regroups its positive momentum, which may help it recover and move higher again, supported by the continued dynamic support from trading above its 50-period SMA. This reinforces the stability and control of the short-term corrective bullish trend, with price action moving alongside an upward trendline.
Therefore we expect the cryptocurrency price to rise in the upcoming intraday trading, but only after first breaking the key resistance at 547.75, to target the next and…
