price is fractal.. and it seems that $ZEC is following $XMR ´s & $DASH ´s price pattern.. if we are going to drop to 0.028 $BTC again its all in time imo..!
Going to wait a bit to confirm but if its an actual breakout then .075 would be my min target Didn't draw it in but theres a mini wave starting from the 19th till now which would bounce up to my target
On request of some twitter followers, I made a chart for ZEC. Long term: we can see that ZEC made a big move up and retraced all the way back to the accumulation zone. Last week, it broke out. This might be the time to start another big move upwards, normally it should be possible to make a new ATH (!). Short term: in a 5 legs upmove, right now retracing to 4....
ZEC possible channel, leave feedback in comment!
Keep a close eye on ZEC. I think it's looking pretty nice. It's broken overall downtrend and now is forming a flag within a triangle. Stock and RSI indicate a possible fall back to the bottom of the triangle and if this 2 week support holds we could see some serious upside.
As you can see we have just broken out of the most recent down-trend, we can expect more upward movement I put a small star at the point of reversal where we see an inverse head and shoulder, followed by higher highs and higher lows.
Went down pretty far on the 24 hr, should pull up now.
-MACD indicating a increade in momentum which is supported by the Stocastics as the faster % k line goes above 20. -volume is also increased seen which can be compared with the last breakout marked by the ellipses. -buy around 264.00 -move heading to 282.50 and more.
ZECBTC bounced from support zone and crossed MA20 (not shown). A break of descending channel and MA50 could lead to imminent price reversal. RSI shows slight divergence and DMI still in range conditions. WNZ Get live updates and analysis of the cryptocurrency market: t.me
Possible pennant forming in ZEC. Indicators look decent, just need volume at the trigger and we could boom. Zcash is one of the big pump coins so it could go very high.
For ZEC i see two possible trend lines. At the end we will see an up fibo 0.5 (260 USD). Before there could be a correction down to 185 or 140 USD. Let's see what happens. Happy trading. :-)
Consolidation phase maybe over and Zec may pullback from here.