ZCash hasn’t been able to provide any clarity on the potential continuation of the long-term uptrend as it needs to break above $410 first, which is the previously made high formed on the 28th of September.

Since then price declined back to $200 area, dropping Zcash value against USD more than 50%. While moving down, a descending channel was formed and ZEC/USD broke above the upper channel trendline, suggesting that the short-term trend is up.

The very strong resistance is based at 50% Fibonacci retracement level at $275, where multiple Gann Fan indicator trendlines are crossing. This appears the first upside target for ZCash. Break above that level should result in further growth and could immediately increase trading volume and push ZCash much higher. Currently, it is only a short-term growth projection.