#ShareWeekly ZEC/USDT Daily Chart Analysis and Setup
Current Price: $1,180.65 (+4.46%)
Zcash has just experienced a massive, parabolic breakout. After consolidating for months around the $400 to $500 range, the price exploded to a local high of $1,297.00 before entering a sharp intraday correction. It is currently trading near $1,180.
Technical Indicators
The moving averages are in a perfect bullish alignment. The EMA5 sits at $1,146, the EMA10 at $1,086, and the EMA30 at $884. The price is trading well above all of them, confirming an extremely strong uptrend.
The Bollinger Bands are incredi