This is one of my most bullish ideas for the next bull run. I've been waiting patiently for this chart to bottom and it looks like we're getting extremely close.
ZEC looks like it needs to put in one more capitulation low before the real bull run of this charts begins.
I expect the final move to take price down to the $5-7 range and bounce from there to new highs. The move down will likely happen before the pivot in March 2024 and the new high will likely happen in 25 or 26.
Let's see how the idea plays out over the coming months.
Not healthy orders. It's on the verge of getting delisted. We may see below 10$ soon.
noam_chom
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@GOOOST, looks good now. The Binance delisting risk has been eliminated.
wpdlem1164
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It's a coin that's on my radar along with Dashcoin, and I'm positive about it in the long run, but it's a Binance Caution list, and that's a bit of a hurdle for me to invest. What do you think?
noam_chom
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based on the wicks and volume flows from Jan 7-10 that mightve been the local capitulation. now its gotta go sideways for a month and see if another capitulation needs to happen in Feb or March
benjihyam
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@noam_chom, Sure, we probably test the trendline at around 30ish and then fall to the targets.
BeerdHead
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5-7 seems greedy. I'd like to see capitulation to sub $19 that would be sufficient for a cycle low spring
Zcash halving is less than 11 full months away so it's unlikely for bears to control the market for more than 45 days from now ///Jan 6th