I see a similar bottoming/accumulation structure as the big dump since genesis and huge mark up phase after.
Only difference is a longer time frame needed to leave this current huge range.
Current structure
I esp like the volume spikes early this year. Usually very early signs of bullishness.
2016/2017 bottoming structure
I believe anywhere from sub $20 to $50+ range is a strong buy. Please do note that this is a high risk play based on the current COVID-19 situation.
A price drop in any situation below $21/22 range will be worrying & I will consider getting out of the whole position.
I'm not gonna throw in any price targets yet, but you should know that Zcash is the leading privacy coin of the whole cryptospace. It's halving is not to be missed.
Only difference is a longer time frame needed to leave this current huge range.
Current structure
2016/2017 bottoming structure
I believe anywhere from sub $20 to $50+ range is a strong buy. Please do note that this is a high risk play based on the current COVID-19 situation.
A price drop in any situation below $21/22 range will be worrying & I will consider getting out of the whole position.
I'm not gonna throw in any price targets yet, but you should know that Zcash is the leading privacy coin of the whole cryptospace. It's halving is not to be missed.