SamuelMedina

Zcash aiming $125 by early December

Long
KRAKEN:ZECUSD   Zcash / U.S. Dollar
Context: ~31 days until Zcash's first halving

Since April 12th we've entered an ascending channel with consistent higher lows and higher highs. We've yet to revisit this year's $100 high set during early August, but instead, have seen action mainly concentrated between the $50-$75 range. There seems to be strong support at $50, but even stronger at $44.

Possible Short-Term Scenario: We can touch the established bottom trendline of the ascending channel (around $55) followed by a bounce towards the $125 range in about a month's time.

Possible Long-Term Scenario: Extremely bullish with Zcash. We revisit January 2018's ATH by the next year 2021. Zcash has the potential to peak out at $3,737 during the final phase of this upcoming bull run, maybe January 2022 or January 2023.

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