Zcash (ZECBTC) technical analysis 1/29/18

As of typing this Zcash is hovering at a price of 0.04005737 satoshis. It has currently failed to break out of its months long downtrend even though Zcash has increased since December, like most other crypto-assets. If ZECBTC can breakthrough and close above the trend line on the Daily close, the current macro trend will be null and Zcash will begin in a new bull macro trend.

This is a good buy signal confirmation and would hold with a first take profit target level of 0.16960000 and a second of 0.26420543. Greater gains are possible but you should start assessing profit and risk options at these levels as they would give you profit of over 100%

*Investing takes risk and loss of an assets value is possible. Your own research should also be done and never invest more than you can afford to lose.