Zcash vs Bitcoin (ZECBTC) has been dropping since June 2017...
We will start this one with a long-term chart.
➖ For the first time ever, a double bottom pattern has been established, a short-term one. ➖ ZECBTC hit a low in January and later confirmed it this month, February. ➖ As soon as this event happened we had a nice increase in trading volume a break of EMA10 and EMA21 as resistance.
Growth potential for this chart is now active —as the pair trades above EMA21/10 on the 2D timeframe.
The chart above shows 2,000%+ potential but the coming bullish phase can end up higher or lower. We are more concerned with catching the bottom with a buy and hold strategy; this is an opportunity that has been in the making for very long.
The early signals are in. Zcash might be hitting bottom right now... Once we hit bottom, the only place left to go is up.
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