Zecash
ZECASH is undervalueZcash is one of the cryptocurrency that I hold in the highest estimation.
Before following, the purpose of this analysis is to demonstrate with the Technical Analysis some of the possibilities bringing a complementary study on this asset.
Being useful for you and also if you have liked to tighten the LIKE, comment and share.
Next, ZECASH is in a very large asymmetry, not making clear a pattern.
But we see here in the daily graphic, when the price returns to work above the U$50 it reacts by making bullish movements, but it still can't get out
of resistance.
So here we are presume that it is at the beginning of a potential wave 3 projected to go up to over 200 dollars.
As I said the price is quite asymmetrical, so it is a bit more difficult to control the risk.
On the other hand I see the price going inside a rising channel .
A very strong movement should happen in case it breaks the returning line of this channel.
Anyway, for those who believe in an Altseason, ZEC is a good bet and can give returns of more than 1000%.
zec will break the descending trendline one way or another!Using fib extension targets are 80.5 and 85.5 and +++. Of course you need to keep an eye on BTC before opening any position on altcoins. I think green scenario has a higher chance (it leads to a beautiful inverse head and shoulders). I have buy orders at 64.5 and also 58.5 (futures is a bit risky now, so I will stick to spot trading! Cheers!
ps: yellow boxes are monthly and weekly pivots!






















