ZEC: Systematic Low Demand at Channel Resistance

Zcash (ZEC), like many other alts, is in a narrow downtrend. Volume Metrics show repeated failures to rally from trend resistance is due to low demand at these important junctures. It is obvious smart money is selling into these upthrusts; dumb money buys the top and then back into the wedge they go. Falling wedges fundamentally are bullish. But these bullish reversals often come on the heel of deep shakeouts (fakeouts). Look for another leg down the channel here, to scare the bulls and skin the bears before a break to the upside. We may get one more quick liquidity grab before the dive.

Be sure to LIKE and SUBSCRIBE if charts like these are beneficial to you.

Stop getting smashed and start winning in crypto. My charts will teach you how! If you like big wins and big money, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades. All my charts are clean and easy-to-follow with exceptional win rates ranging consistently between 80-85%. Check out my chart history and see for yourself.

I've been a full-time cryptocurrency swing trader and investor since 2017. My technical analysis is based on a combination of Wyckoff, VSA, EWT & Fibonacci ratios. I never shill and only chart crypto assets I invest my own money in. My success over the years has allowed me to do this full-time. You are welcome to piggy-back my strategies at your own risk.

**Not a financial advisor. Always DYOR and trade at your own risk.