For those onboard ZECUSD has a great run a few weeks ago. This morning it formed an Ascending Triangle and pushed out of the Keltner Channel indicating short term bullish trend. Considering the long term bullish trend as well and especially the delayed sympathy in the price action to BCHUSD, both essentially BTC forks with slightly different functionalities, there's a high probability of a push MUCH higher.
IF.
If it can break the resistance at 299. Currently it's stalling there at the high from April 17. And 300 has that whole number rejection power. An other concern is the time of day. We're at 6:30pm EST now and sometimes there can be unpredictable low volume pullbacks. If it doesn't make it through tonight I think there's very good chance it will try again in fairly short order. IF we can push through the Double Top we could be home free for a bull run similar to BCHUSD.
Price target: 420. :o
IF.
If it can break the resistance at 299. Currently it's stalling there at the high from April 17. And 300 has that whole number rejection power. An other concern is the time of day. We're at 6:30pm EST now and sometimes there can be unpredictable low volume pullbacks. If it doesn't make it through tonight I think there's very good chance it will try again in fairly short order. IF we can push through the Double Top we could be home free for a bull run similar to BCHUSD.
Price target: 420. :o
Comment:
At 11am EST ZEC started made higher low forming Ascending Triangle bullish continuation pattern increasing probability of breaking 300 for new ATH by end of day or tomorrow morning.
Comment:
ZEC has broken sympathy with BCH. Revising TP to 365-400 range.
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