BitcoinGuru

The ZCASH ZECUSD Road Towards the Megabull - Up to 3,000% Gains

Long
BITFINEX:ZECUSD   Zcash / U.S. Dollar
Hi everyone!

I have more ALTS charts about to get published in the next few days, so hit up that Like and Follow buttons to receive the latest notifications about what's new from my channel!

Now lets dive in the technicals of ZCASH:

Short-term, ZCASH has still not broken the previous ATH at $800~ so buying know at $308 is still considered an early entry and you still can make 3,000% in gains if this trade plays out as expected and we top close to $8,000-10,000 by Dec 2021 - Jan 2022.

In the incoming weeks, I would expect to see a strong rally (blue fractal for reference) towards the top of the bull parallel channel at $500 and maybe even a break out past it towards the ATH resistance block near $700-800. If we see enough momentum then maybe we can pull up higher and hit $2,000-2,500 but that's to be seen. Meanwhile, the bottom neckline or support of the bull parallel channel should hold through 2021 until the top is in. Once that neckline breaks imo it is likely that the bear market has started.

Looking further ahead at the next bear market of 2022-2024, we can expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $400-300~ !

Best of luck and happy trading!
Carl M.
Trade active