Zcash is a coin I really like because:
(1) Over 4 years of Price Data
- Historical Data for analysis
(2) History of remaining relevant
- Top market cap coin; currently 35, if it didn't have a strong backing it would have disappeared by this point
(3) Smaller market cap (more volatile price action)
Now to the charts!
I am showing a Weekly view on ZEC
There are positive divergences in both the MACD & RSI (I will show below in detail; too hard to show on the price view)
Our prior bull cycle price floor was at $22
We actually pierced thru this number back in March, and hit $18.50, but I'll chalk that up to volatility; I look at this as us making a double bottom @ $22
I have clearly outlined several areas of resistance:
- A few resistance boxes in the $400 - $500 range
- The 0.618 fib retracement level
- A price area ~$750
- Prior ATH of $900 (once this level is broken, as w/any project, the fun begins as we enter price discovery. 1st Target we'll hit and surpass is the 1.618 fib extension of ~$1444)
Reality is: Once our 1st true altseason begins, this thing will move extremely fast. The smaller cap implies you'll see A LOT of volatility, a lot of price wicks thru price ranges I have shared above
I feel extremely confident ZCash will vastly appreciate in price/market cap along with the entire cryptocurrency market
(1) Over 4 years of Price Data
- Historical Data for analysis
(2) History of remaining relevant
- Top market cap coin; currently 35, if it didn't have a strong backing it would have disappeared by this point
(3) Smaller market cap (more volatile price action)
Now to the charts!
I am showing a Weekly view on ZEC
There are positive divergences in both the MACD & RSI (I will show below in detail; too hard to show on the price view)
Our prior bull cycle price floor was at $22
We actually pierced thru this number back in March, and hit $18.50, but I'll chalk that up to volatility; I look at this as us making a double bottom @ $22
I have clearly outlined several areas of resistance:
- A few resistance boxes in the $400 - $500 range
- The 0.618 fib retracement level
- A price area ~$750
- Prior ATH of $900 (once this level is broken, as w/any project, the fun begins as we enter price discovery. 1st Target we'll hit and surpass is the 1.618 fib extension of ~$1444)
Reality is: Once our 1st true altseason begins, this thing will move extremely fast. The smaller cap implies you'll see A LOT of volatility, a lot of price wicks thru price ranges I have shared above
I feel extremely confident ZCash will vastly appreciate in price/market cap along with the entire cryptocurrency market
Note
No question regarding the + divergences taking placing on both the MACD and RSI, suggesting momentum is building and we will see a super nova break out to the upside
Twitter: @CryptoBullGod
Unique Value I add to this space:
youtu.be/YOa3NPEZuC0
Unique Value I add to this space:
youtu.be/YOa3NPEZuC0
Disclaimer
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.
Twitter: @CryptoBullGod
Unique Value I add to this space:
youtu.be/YOa3NPEZuC0
Unique Value I add to this space:
youtu.be/YOa3NPEZuC0
Disclaimer
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.