ZECBTC: Falling Wedge Breakout Approaching
Bollinger bands are squeezed tight indicating a big move in the making. ZECUSD is already moving up quite a lot right now, so that is a good sign this falling wedge on ZECBTC will break up.
The next resistance levels for this move here will be 0.083, 0.116 and finally 0.169. If that last level can break we should go quite parabolic to 0.256 at the 161.8 fib.
At current prices the 0.256 ZEC would equal over $2500 USD, which I don't see as being very likely! If we get to 0.256 ZEC, BTC would have at least halved in value from 10k crash; giving ZEC a value of $1250 or less roughly.
The next resistance levels for this move here will be 0.083, 0.116 and finally 0.169. If that last level can break we should go quite parabolic to 0.256 at the 161.8 fib.
At current prices the 0.256 ZEC would equal over $2500 USD, which I don't see as being very likely! If we get to 0.256 ZEC, BTC would have at least halved in value from 10k crash; giving ZEC a value of $1250 or less roughly.
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