Privacy coins are breaking out. We are DASHing all the way back to our all time high. Comparing the XMR chart to ZEC and DASH, they look absolutely identical. The only difference is that DASH and ZEC are 12 weeks behind XMR. Looks like they will return to their respective ATH
some time around August 1st, 2021. We can also consider this to be a massive cup-and-handle pattern forming, spanning several years. Given the long time frame, this may have a good possibility of unfolding in our favour. The handle breakout beginning in August could bring DASH to a new ATH
beyond $3000. DASH and ZEC look to be straight up on the weekly candles from here, with possible minor corrections along the way. Watch the 4H to determine your preferred entry. I am going long on these two privacy coins and will not be taking profits until reaching back to the previous ATH
... I am confident that ZEC and DASH will follow in Monero’s footsteps and return to their respective ATH
in approximately 12 weeks. That being said, there will certainly be many ups and downs along the way and this is a highly volatile trade. Always research for the latest news surrounding crypto, specifically privacy coins. There may be increased demand for privacy coins due to the current economic situation, or they may be at risk of being de-listed on more exchanges with more talk of regulations coming to crypto... privacy coins will certainly be a target, but they are also of great value within the crypto space. Keep monitoring the narrative. Of course use stop losses if trading w/ leverage. I do not trade on margin. Do your own research and invest with your own risk tolerance in mind. Do not get REKT. Best of luck in your investments.
* NOT FINANCIAL ADVICE!