spelgubbe
Long

ZECBTC Possible Reversal

POLONIEX:ZECBTC   Zcash / Bitcoin
Inverse Head & Shoulders pattern

Target is 0.09
Comment: Broke out, looks good.
Comment: ZECBTC is looking very indecisive compared to ETCBTC for example, which is also looking like it's approaching a bull market.
.09 may be a bit high - I get .08, based on the H&S pattern. Still - strong AF H&S there. Also, two major releases planned for June and September. Hype for those should start building Aprilish and could go all summer. I think $ZEC could test 0.2 by September.
+1 Reply
@withers, ye I think the stars align really well for a zec bull market. Looking at daily chart the 50 day and 200 day moving averages are getting closer to each other, and you can see the 50ma being good support and the 200ma resistance being broken, possibly turning into support.

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