## Hey Guys..!!

Meet again with me Wahyu Nahrul, This time I want to make a brief technical analysis of a cryptocurrency chart, the analysis I made is based on my experience and knowledge.

![rounded-in-photoretrica (74).png](https://cdn.steemitimages.com/DQmf2pEy8ekhb58AJ7kfZNumU3CChk5ZecneRE6N5p7DajY/rounded-in-photoretrica%20(74).png)_{***Made on PowerPoint***} Alright, let's get straight into the discussion, happy reading!! ![Pembatas Utama.png](https://cdn.steemitimages.com/DQmUqV2VAknQE4ZTKUNQVk7dC6abcYzoN63AdevUPzmqmB4/Pembatas%20Utama.png) # Zcash(ZEC) Analysis Today, October 21, 2022, I will try to technically analyze the price movement of Zcash. ![Slide1.PNG](https://cdn.steemitimages.com/DQmSss29xVV3suEZF6PXjCtfGfzTW4D9PRuiAu9w7WMDxeJ/Slide1.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* If we look at the price movement of ZEC in general, we can see that ZEC is in a very deep bearish phase. We can see this in the ZEC price movement pattern in the chart above where the candlestick tends to move downwards if we look closely. ![Slide2.PNG](https://cdn.steemitimages.com/DQmXRrrC8fKorZkirUuhqtCo7554nLmmMg2pUwC9tyjHqPM/Slide2.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* The chart above also shows that the current bearish trend in the ZEC/USD market will continue for the next few days because the ZEC price has broken the Support Level. ![Slide3.PNG](https://cdn.steemitimages.com/DQmWQK6oWijmDYA7WmuVfjkZq5irhw2QayeLJ8sE7GKBHBp/Slide3.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* This is confirmed by the EMA Indicator with a Death Cross occurring between the 100 EMA and 200 EMA. ![Slide4.PNG](https://cdn.steemitimages.com/DQmRVt8MfXSaK6u9byf9Gtwmr6aus9uDLMHNdfaFn672LKs/Slide4.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* Further confirmation was also given by the ADX indicator with the presence of a cross between the two DI lines where the DI- line moved above the DI+ line. ![Slide5.PNG](https://cdn.steemitimages.com/DQmVrZwqemYsniXeRrmXawtBq2sgdHgriWFUg7QZktCp8Jo/Slide5.PNG) *SOURCE: [TradingView](https://www.tradingview.com/)* Not to forget, the RSI indicator shows that there will be an oversold phase soon in the ZEC/USD market, we can prove this by moving the RSI line to the Lower Band which is the lower limit of the RSI indicator. ![Pembatas Sub.png](https://cdn.steemitimages.com/DQmUjUshtBLPP4fERXpS2DNJDvqExzURhrdzFSU4sNftjky/Pembatas%20Sub.png) ###

Disclaimer:

This analysis is not an invitation to buy or sell any asset, it is just a short analysis intended for learning. Remember! don't use the analysis I did as a benchmark in investing or trading, always do your analysis and research first before making any decisions.

![Pembatas Sub.png](https://cdn.steemitimages.com/DQmUjUshtBLPP4fERXpS2DNJDvqExzURhrdzFSU4sNftjky/Pembatas%20Sub.png)