Zcash: ⬆️ Buy

– Zcash reversed from round support level 600.00

– Likely to rise to resistance level 738.00

Zcash cryptocurrency recently reversed up from the round support level 600.00 intersecting with the 38.2% Fibonacci correction of the upward impulse from the start of November.

The upward reversal from the support level 600.00 created the daily Japanese candlesticks reversal pattern Bullish Engulfing.

Given the clear daily uptrend, Zcash can be expected to rise further to the next resistance level 738.00, which stopped the previous impulse wave 1.