**Hodl, dear members of LeoFinance!**

Today, I would like to comment on the price chart of **Zcash**.

As we know very well, in the daily chart (1D), ZEC/USD formed an Inverted Head and Shoulders *(common bullish trend reversal pattern)* during the Bear Market:
![23.10.2021 ZECUSD 1.jpg](https://images.hive.blog/DQmWZ47gEQazyjTHomcRZgnemt9Wu3hc7YcEefhiuiTwMox/23.10.2021%20ZEC-USD%201.jpg)
Also, as we know a breakout took place in the first couple of months of the year and the price of Zcash surpassed the neckline. Later, a correction started and ZEC/USD dropped to the neckline. As can be seen from the chart, a rebound from the neckline has started. So, it may turn out that we are at the very beginning of the uptrend renewal.

Moreover, in the 4-hour chart (4H), ZEC/USD formed a Bullish Flag *(common trend continuation pattern)* recently:
![23.10.2021 ZECUSD 2.jpg](https://images.hive.blog/DQmehBvtnY99DHzVYPbfbRxGbTwFkXHDC3B8jd55S745bkj/23.10.2021%20ZEC-USD%202.jpg)
As can be seen from the chart, the price has already exited the flag and has resumed the uptrend. So, the 4-hour chart confirms the beginning of the uptrend renewal in the daily chart as well.

To be continued ... 

*As of the time of writing, one ZEC costs $171,51 on the Bitfinex crypto exchange, according to TradingView.*

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*Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.*

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Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptospa/daily-ta-zcash-zec-usd-or-23-10-2021)