#ZEC Looking for an eventual DROP to $142 EW analysis to follow. #cryptocurrency #bitcoin #trading
We posted this back in Feb. with ZEC at $466 and now $144 is almost here - this name ZEC trapped a zillion longs at the top.
Was at $466 when we made this call ZEC now sits at $115 even below the number we were looking for - as posted this has been a MAJOR DROP exactly as the title said and no we are not advocating to short this name here.
@asdfghghj, Hello actually it does seem to have the same "dip" coming but worse - on a major pullback this name monero can drop all the way back to under $60 - just a fast opinion. Thanks for the reply.
@london55555, This was a good call. I bought some vs xmr on polo when it was 1:1. I never really though XMR/ZEC would be that ratio. I'm still going to buy both XMR and ZEX in the coming weeks vs USD. Privacy coins are where it's at. I'm curious to see how ASIC adoption for ZEC will play out. I actually think it will help for ZEC to got mainstream having an army of ASICS backing it up while XMR can try to fight ASICs every six months.