noam_chom

Zcash Grayscale Trust is about to explode

Long
noam_chom Updated   
OTC:ZCSH   Grayscale Zcash Trust (ZEC)
micro - inverted head and shoulders base

macro - cup and handle

neckline is 19-19.50

clean breakout into the 20s will trigger a rally
Comment:
also note:

its trading at a negative premium vs. the 0.090 Zcash Coins held per share of the Trust

www.coinglass.com/Grayscale
Comment:
also goes without saying, that massive 100k volume bar on Nov 22 was smart money getting in pre-breakout

look for another few big bars like that in the next 7-10 days
Comment:
above the neckline
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still testing the neckline, looking for breakout volume
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still building out the neckline support
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sleeping giant
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