Zcash Three Drives Pattern (144% or More Mid-Term)
Looking at Zcash vs Bitcoin (ZECBTC), we have no bullish signals, none.
Only when you go to the 3LB charts you can find some bullish signals, even on the weekly timeframe.
The RENKO charts also bearish, not one bullish signal on 4H, 1D and Weekly.
Now, we still believe that ZECBTC will move up.
The low was hit December 2020, more than 550 days ago.
This is a very long accumulation phase...
After the accumulation phase comes the breakout.
Additional details on the chart.
Namaste.
Only when you go to the 3LB charts you can find some bullish signals, even on the weekly timeframe.
The RENKO charts also bearish, not one bullish signal on 4H, 1D and Weekly.
Now, we still believe that ZECBTC will move up.
The low was hit December 2020, more than 550 days ago.
This is a very long accumulation phase...
After the accumulation phase comes the breakout.
Additional details on the chart.
Namaste.
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