2.5 Year Trend Compressed Till The End?Pretty neat to see price action respect that trend line established late May 2017...
We have definitely reached a pivotal moment in ZEC
Will we see new all time lows or multi thousand dollar Zcash?
They say that purple is a royal color....
Don't ask me I'm a peasant... for now ;)
Zcash
ZEC now @ Goodwill Pivotal days could soon be upon us...
ZEC/USD Macro Trend Analysis
$22 lowest wick after initial release/dump.
Candle body low was near $26.
Which reverses into rally that takes ZEC to around $850.
At the peak of that rally, ZEC had a candle reach from the local high (near $900) to the ALL TIME LOW @ $8
Did we bottom in December on the candle body support from Feb 23rd, 2017?
Will price action test the two lower support levels?
What do you think? Comment Below!
Descending scallopsDRGNBTC and ZCash have formed a descending scallop of the weekly chart, this may lead to bullish returns in the long term. Highest success rate next to Falling wedges so far. (Higher in a bull market)
ZCASH - ZEC - your call for nowif we ignore end of 2017 fake run, real value is somewhere 150-170$
Now, since Binance is big player on this market and listed it, whales push the price down.
It will breakout soon with x3-5 up to 75$ minimum.
Good luck.
Stoploss 27-26-25-24-23-22-21$
Buy range now and lower if you can catch.
MACD is bullish, RSI bullish.
100mn $ dayli volume is good!
ZEC bullish run has much more leftMulti-timeframe showing a clear bull run with key resistance level broken 2 days ago. Despite, the healthy pullback from what likely would have created an over-extended run. The correction not only brought back experience/successful traders/investors. It is helping provide the necessary strength in what very likely will be strong support in the near and/or distant future. Bulls continue the buying spree and who can stop them. The longer timeframes printing the infamous "bull-flag" that is widely used within the crypto communities. This, undoubtedly, will continue to bring new bulls. Despite, the fact resistance broke and ZEC does have a clear path to its next level(s). Baring, of course, any volatility and/or sudden bull rush in BTC. The tight range-bound BTC has been at; does help BINANCE:ZECBTC amplify the case for the title (of "much more left) of this analysis.
Zcash almost ready to flyZECUSD Fibonacci Clusters , and EWT wave Count.
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