The post Zcash (ZEC) Price Analysis for November 20 appeared on BitcoinEthereumNews.com. The market remains bearish as most of the coins are in the red zone, according to CoinMarketCap. Top coins by CoinMarketCap ZEC/USD The rate of ZEC has rocketed by almost 10% over the last 24 hours. Image by TradingView On the hourly chart, the price of ZEC has made a false breakout of the local resistance of $706.  You Might Also Like However, if the daily bar closes near that mark, the upward move may continue to the $720-$730 range. Image by TradingView On the bigger time frame, the situation is rather more bullish than bearish. If a breakout of the $750 level occurs, the accumulated energy might be enough for a price blast to the $800 zone. Image by TradingView From the midterm point of view, one should focus on the weekly candle’s closure in terms of the nearest resistance. If bulls can hold the initiative, there is a chance to see a test of a new all-time high by the end of the month. ZEC is trading at $703.53 at press time. Source: https://u.today/zcash-zec-price-analysis-for-november-20The post Zcash (ZEC) Price Analysis for November 20 appeared on BitcoinEthereumNews.com. The market remains bearish as most of the coins are in the red zone, according to CoinMarketCap. Top coins by CoinMarketCap ZEC/USD The rate of ZEC has rocketed by almost 10% over the last 24 hours. Image by TradingView On the hourly chart, the price of ZEC has made a false breakout of the local resistance of $706.  You Might Also Like However, if the daily bar closes near that mark, the upward move may continue to the $720-$730 range. Image by TradingView On the bigger time frame, the situation is rather more bullish than bearish. If a breakout of the $750 level occurs, the accumulated energy might be enough for a price blast to the $800 zone. Image by TradingView From the midterm point of view, one should focus on the weekly candle’s closure in terms of the nearest resistance. If bulls can hold the initiative, there is a chance to see a test of a new all-time high by the end of the month. ZEC is trading at $703.53 at press time. Source: https://u.today/zcash-zec-price-analysis-for-november-20