Bitcoin (BTC), Zcash (ZEC), Cardano (ADA), Litecoin (LTC)

Today’s article will highlight key Fibonacci extension and Fibonacci retracement levels.

These Fibonacci levels can help identify future profit, support, and resistance levels.

Zcash (ZEC)

Zcash (ZEC) Chart

On all of the charts in this article, the Fibonacci levels in black are the extension levels, and the blue levels represent the retracements. Additionally, unless otherwise specified, the Fibonacci levels are based on logarithmic calculations. For Zcash, We can project a series of shared resistance and profit levels in the near future. First is the 61.8% extension at 84.50 – but we may not see that level act as a very strong resistance level. We are more likely to see resistance found at the 88.6 extension at 110.09. The 88.6% extension is the highest volume node above the weekly cloud (not shown) and represents the most important harmonic level before testing the June…