XZC/BTC has broken above the , after which it went back to test BTC 0.0016 support. After rejecting this support once again it broke above the 127.2% Fibonacci , where later it found the support. Zcoin also broke above the 200 Moving Average and today it broke above the 3/1 .
These are multiple indications on a potential trend reversal that could push price further up. The very first resistance is BTC 0.0034 that already been rejected 2 times. Although if broken, much stronger resistance is found at 227.2% level, which is based on BTC 0.0056.
Although ZCash does look like it might reverse to the upside, a daily close blow BTC 0.0016 would indicate on the Bitcoin domination and would invalidate this outlook.
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