The analysis focuses on Zcash (ZECUSD) on the daily chart, identifying a bullish engulfing candle yesterday, which is expected to drive prices higher. The immediate target area is between $524 and $560, derived from Fibonacci retracement levels, specifically targeting the golden ratio zone. The current price is approximately $454. The analyst suggests that even if Zcash experiences a short-term pullback to levels around $420, $388, or $370, it would still find support and proceed towards the aforementioned upside targets. This bullish outlook is despite concurrent dumping in Bitcoin and the stock market, which Zcash appears to be unfazed by, indicating relative strength. However, the analyst also noted conflicting bearish signals on shorter timeframes (1H and 4H), such as bearish divergence on the 4-hour chart's RSI, and building bearish momentum on the MACD. Despite these shorter-term bearish indicators, the primary expectation for ZECUSD remains a move towards the $524-$560 range. A breakdown below the previous significant low of approximately $295 would invalidate this near-term bullish analysis, with a deeper, long-term crash below $200 anticipated only after the projected upside move. The short-term timeframe for the upward movement is implied to extend over the next week, following any potential immediate dips. The analysis indicates that Zcash is operating on its own timeline, potentially moving sideways or slightly down over the weekend before a decisive upward move next week.