Analyst Ardi Says a $1,370 Breakout Would Shift His Zcash Position

Analyst Ardi said a move above $1,370 would lead him to close a Zcash short and turn long, making that level a key trigger in his latest trade outlook. Ardi described an ascending triangle developing from lows near $1,050. He said ZEC had made several attempts to clear $1,370 while holding a rising trendline, and that a break above the level could put recent highs between $1,500 and $1,700 in view. Ardi disclosed a short position from $1,420 in a Nov. 1 post. He said failure to clear $1,370 would leave the broader downtrend in place.