ZCASH coiling up?

Updated

Well it hasnt moved as much as other but the USDT pair has made a nice double bottom while the BTC pair went on to hit its 1.618 (tradingview.com/chart/ZECBTC/A9uTSJR6-ZECBTC-Zcash-RIGHT-ON-0-886/) forming a nice divergence.

8.236/16.236 target to look at still depending on how the impulse goes.

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Hold my beer pls

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No financial advice, do your own research, don't be stupid

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Might do a BCH like move?

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hit that buy zone

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the price action since the highs in 2021 have been clearly in a corrective manner, remdinding of the EOS ending pattern. Especially the last legs on the meanwhile tripple bottom look somewhat crashing structure like hinting this could really form a bottom here with a strong reaction either way suppose retracement levels 0.618/0.886 will be achieved at some point, if it can continue up, we will see

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if this support goes away, well, but for now not rock solid, but solid

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same type ending pattern

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besides hitting 4.236 like clockwork check that zcash thrust

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at look at the btc pair its like WOW

w3 on 1.886, w5 on 2.618

triangle for w4

height of triangle for reference target

major divergence one hasnt seen before

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if it doesnt bounc here on the 0.95 it would be bad and sad lol

given the btc pair would have to drop some more 10% to hit the triangle target price, this could suggest btc might be about to pump while usdt pair doesnt go lower (best case scenario for zec). if it fails to hold single digit prices might be ahead and below 1:1 extension its lights out for bulls

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if it losed 0.95 level most likely after a retracement into $24 now resistance its game over and question will be how deep it will fall

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pretty sure the btc pair will sweep 0.886

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here we are pushin into 24/25 resistance, flip it and be good

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not looking nice as rejected, better luck next try?

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long time no update yet zec managed to be absolutely poorly performing creating another lower low.

but now bottom might be finally be in and question is do we get one more touch on trend line with ending 5 wave pattern or do we go from here? 32.05 tells the story

NastyBeer

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