jwlondon98
Long

ZEC MEGABULL (CUP AND HANDLE FRACTAL)

POLONIEX:ZECBTC   Zcash / Bitcoin
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10
ZEC is showing a cup and handle on the 1D. I have a long in position now in case the handle wants to breakout before another dip.
Comment: I thought ZEC would have broken out by now. I did some more analysis based on the gan fan and drew two possible routes it might take in order to break out. If you look close you can see that ZEC is actually in a bunch of ascending triangles. That pink trend line and the 2/1 gan fan look like key bounce points to me, assuming ZEC doesn't take that first, more aggressive route.

Exponential growth = curves:
I'm sure people have noticed that alts are rocketing lately. It seems a lot of the same fractal patterns are showing up. I believe their exponential growth can be charted more easily by drawing curves. Further down the road ZEC might do something like this: Notice the curve is touched by all those low points. Like trend lines, the more touches a curve gets, the stronger it is. I'll chart more curves sometime soon.
Comment: I forgot to mention, the yellow cup and handle that I first drew for this idea doesn't seem right anymore since the body of the cup doesnt touch the curve. So ignore the cup drawn at the top.

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