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lonestar108
Dec 8, 2022 4:30 PM

Z-Cash - Channel Reversal Imminent Long

Zcash / U. S. DollarKraken

Description

Z-Cash price has touched the lower bound of a price channel defined back in 2021 and is getting ready for a reversal. Based on past performance, I'd say we are headed back to $100 by April 2023. Whether we exit this channel at that time or not isn't yet clear but it sure does look like a 100% gain here is in the cards.
Comments
Solldy
With the market's current relation to macro factors, I wouldn't be so sure about this idea. Things are changing and becoming more unpredictable.
Kalete
I agree! My average buy from 2019-2021 was $60, so I believe that this is an excellent buy here.
SwallowPremium
Great explanation)
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