Long

ZEC has big potential for growth when you exit the wedge upwards

Updated

ZEC has a very big potential for growth when you exit the wedge upwards.
In the meantime, you can trade inside the figure.

Note

Here is the news for you as well. You can not even follow the news and not to contact the world and you will always be on the horse.) Zcash will be "friendly-fork" Ycash, which will be completely independent of the Zcash Foundation. The division of the crypto-currency chain will take place on 570 000 blocks or about July 18. ZEC Holders will receive new Ycash coins in the ratio of 1: 1. For a fork already register a trademark belonging to the independent organization Ycash Foundation.
During startup, Ycash will display three important differences compared to ZEC:
reduction of the level of remuneration of developers from 20 to 5 percent on a permanent basis;

the formation of a fundamentally new nonprofit organization Ycash Foundation with its funding rules for developers;
The Proof-of-Work algorithm will be reviewed in favor of a more suitable for the GPU and CPU mining. For example, ProgPoW or RandomX.
The developers swear to leave 2.1 million coins in the Ycash Development Fund, which will be used to finance the organization. Since its provision is set at 5 percent, moneys will receive 95 percent of the award for the cryptic currency unit. By the time the first halving in October 2020, YDF should be about 175 thousand YEC.

Note

The coin moves inside the shape. since the moment of publishing the idea, May 27 has already grown by 32%!

Note

From the specified entry point 3 weeks ago, the coin made + 47%

Note

From the specified entry point 3 weeks ago, the coin made + 47%
The price has broken through the downward wedge with impulse, but failed to consolidate. At the moment there is a price reduction. Trade inside the wedge according to the previously specified scenario.

Trade active

ZEC made the final most likely movement inside the wedge. As I showed in the trading idea before. Most likely when approaching the resistance of the boundary of the wedge will exit. Coin about 2 years in a downward wedge. Growth will be strong.

Trade closed: target reached

The price has reached the ideal entry point (bottom of the wedge). The minimum movement inside the wedge + 26%. High probability of breaking the downtrend. Then the growth will be by many percent. All targets on the chart. July 18 fork.

Trade active

Order cancelled

broke through support. The news "did not work" due to the general fall in the market. Just decided it makes no sense to burn money against the general despondency of the crowd. Here developers fall into such a trap when they make very large statements in advance. It seemed it was possible to take money from the crowd, but no one knows the future for sure. Here is the news and the fork itself was made empty. But after all, any price of the fork is money from the air. At the moment, the situation is to observe.

Note

ZEC/BTC Main trend Channel The price is at the channel resistanc

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