In the chart you can see when CB announced the possibility of adding this asset we got a nice pump. Retracement lines up well with the fib levels, you can see it bouncing through each support. I think we've bottomed as I see no real reason for another selloff, except maybe a BTC FOMO. Next support at .019 BTC, and this is where I'm setting up my buys. From the long correction and accumulation phase, and if my Elliot Wave charting is close to correct, we could see a nice Wave 3 pump then retrace to the classic 0.618 fibo.
I've been keeping an eye on this trade setup for awhile. Good luck!
I've been keeping an eye on this trade setup for awhile. Good luck!
Note
After watching what is happening to Ethereum classic after their announcement last week, I believe if Coinbase list Zcash, we will see the same thing. In the meantime, I'm still accumulating for the long swing trade.Note
All my Zcash charts are wrong
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.