Possible pennant forming in ZEC. Indicators look decent, just need volume at the trigger and we could boom. Zcash is one of the big pump coins so it could go very high.
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In idle mode. No volume yet. Soon.
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Rocket is waiting, just needs a bit more fuel before takeoff
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15 min chart is oversold AF. RSI strong. Volume increasing.
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First trigger confirmed.
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Mega trigger/liftoff @ 0.059
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If there is not enough volume to break through 0.059 we could see a slow down and a pennant on the 4hr chart
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I have a feeling that a lot of money is tied up in BCC at the moment. But that looks to be forming a pennant so profits could come here soon :)
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Targets are super difficult at the moment, so I'm going to be a little bit conservative and use an ascending target line. If the spike is too steep it will cross early. If it is a more sustained rise it will cross later :)
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Updated uptrend
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Increase in buy orders to <200 btc. Almost ready for the next leg up.
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Critical point now. Needs to hold here to keep the pennant alive.
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Trigger confirmed by 15 minute candle closing above trigger line. Still need volume to get this pump going.
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Strap yourselves in. We are almost ready for liftoff.
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Okay I'm off to bed. Hope to see tons of green candles when I wake up :)
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Very good signs for ZEC. Just need volume really. Check out this chart by FatihSK87 for a long term perspective. He's usually very accurate with his charts. twitter.com/FatihSK87/status/899367931645235200
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I think in the mid to long term ZEC is about to start a bull run. Patience is key here. But if you are in it for the short term, I would say 0.064 is the next target.
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Long term perspective based on Fatih's chart.
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Very early day yet, but here are my short term thoughts. It's going to be an interesting day. Could be fireworks if we get volume :)
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Sorry guys, that last chart was from Bitfinex. Still applies though.
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Updated for Bittrex
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Big cup than anticipated, but i think we found the bottom
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Cup and handle failed to form. RSI and Stoch looks good though.
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Looks like it's finally happening....
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So we broke out of the small ascending triangle but there just wasn't enough steam to carry us over the line. Maybe everyone was too busy pumping Monero. Anyway, never fear, ZEC is just getting started. Once we cross this yellow line it should boom.
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So ZEC is taking FOREVER to get going. I think it's time to start looking at things from a more long term perspective.
@Zreenaqvi, hmmm we are at the top of the Bollinger bands, on 1 HR- and so we may fall back towards the signal line or lower meridian before another push-
MACD is still bullish on 1HR, as is PSAR- RSI still healthy enough...I think we are having a little breather , keep an eye on next few hours candles... the Bollingers tightened but are opening up again.. I am still bullish- lets see if we carry on pushing up against 245 - personally I think we have built a strong base and found support down below $200 and now again in these ranges- I think ZEC wants to rally!! Its "due" but who can tell - the markets are a little on the choppy side- be interesting to see how it plays out with money exiting and entering BCH- what with its incoming diff adjustment, and also impending full Segwit activation on the original chain... there is anticipation in the markets as we draw closer to Wednesday and a climax of the BCH game being played by Roger Ver & Co. It should be an interesting week!! I am eyeing ZEC like a hawk... hoping that this time it runs and runs...
Mandlebrat
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@Mandlebrat, @Zreenaqvi, MACD 1 hour starting to flatten out a little ;/ keep an eye on it and if it crosses - which it may - but I am wondering if in a few more hours we see a double crossover... that it what I am looking at... RSI still bullish but trending down a little- again watching the MACD cycle
Mandlebrat
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@Mandlebrat, @Zreenaqvi, MACD 1hr did cross..looking to see if it recrosses again in coming hours ;)