CryptoBullGod

Zcash: We Are Waaaaay Down Here!

Long
KRAKEN:ZECUSD   Zcash / U.S. Dollar
Zcash is a coin I really like because:
(1) Over 4 years of Price Data
- Historical Data for analysis

(2) History of remaining relevant
- Top market cap coin; currently 35, if it didn't have a strong backing it would have disappeared by this point

(3) Smaller market cap (more volatile price action)

Now to the charts!

I am showing a Weekly view on ZEC

There are positive divergences in both the MACD & RSI (I will show below in detail; too hard to show on the price view)

Our prior bull cycle price floor was at $22

We actually pierced thru this number back in March, and hit $18.50, but I'll chalk that up to volatility ; I look at this as us making a double bottom @ $22

I have clearly outlined several areas of resistance:

- A few resistance boxes in the $400 - $500 range

- The 0.618 fib retracement level

- A price area ~$750

- Prior ATH of $900 (once this level is broken, as w/any project, the fun begins as we enter price discovery . 1st Target we'll hit and surpass is the 1.618 fib extension of ~$1444)

Reality is: Once our 1st true altseason begins, this thing will move extremely fast. The smaller cap implies you'll see A LOT of volatility , a lot of price wicks thru price ranges I have shared above

I feel extremely confident ZCash will vastly appreciate in price/market cap along with the entire cryptocurrency market

Comment: No question regarding the + divergences taking placing on both the MACD and RSI, suggesting momentum is building and we will see a super nova break out to the upside

Twitter: @CryptoBullGod

Unique Value I add to this space:
https://youtu.be/YOa3NPEZuC0

Comments

excellent write up. 2021 will be a very interesting year in every respect and I believe privacy coins like ZEC will be a hot commodity. keep us posted.
+2 Reply
Thanks for sharing. LIKED
+2 Reply
@abel11, you're welcome!
Reply
nailed it. excellent overview and write-up. massive upside pretty much blue sky.
+1 Reply
CryptoBullGod ProjectSyndicate
@ProjectSyndicate, thank you!
+1 Reply
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