i guess i found a head and shoulder , i hope i am write
BITTREX:ZECBTC Time Frame - 4H Inverted Head & Shoulders pattern has been formed which signifies its impending spurt upwards any moment now. If breakout is successful, it will ravage all the resistances and has a +60% initial upside. Personal Disclaimer - I am slowly accumulating this one for a few days now. And now that I see the pattern is forming...
Break above 504 would trigger a long break out target shown.
Another beautiful breakout from a bottoming formation in Z Cash ZEC here. I am seeing a lot of these patterns among the coins like LTC and DASH We reached all time highs on December 21, we pulled back to retest the 200 period average (blue line), Now we are breaking out of what appears to be a combination of a double bottom and a head and shoulders reversal...
Upcoming ZEC Bullrun. The 240min MMA200 touch the price and kick. Nex targets at fibbonacci.
As you can see, after the ABC correction that took place we are currently in the 1st wave of a greater 5 wave pattern, with the 5th wave of the first still expected to happen. The reason I believe this is only part of a greater growth pattern is because of the functionality of ZEC compared to BTC. It's use as a private coin, and the future forks coming off it...
ZEC is a massive buy. Bullish signs include: 1. Recently broken out of a massive 6 month falling wedge 2. Price above the Ichimoku cloud on the 1d chart 3. RSI strong ( bullish divergence ) 4. Stoch allows for big growth ( bullish divergence ) 5. MACD bullish Strap yourselves in. This baby's going high! PM me for entries, targets, and custom charts.
ZCash found the support at 327.2% Fibonacci retracement, applied to the corrective wave up, after breaking the btc 0.75 support. After bouncing off the btc 0.02 psychological level, ZEC/BTC went higher and broke above the descending channel as well as 200 Moving Average. This could indicate that price is ready to go higher, although it is too early to say it is...
RSI crossed on 2H chart. Now we are waiting for break out the triangle. Assuming ZEC is going to touch bottom support line at 0.0331 and then make the break. If MACD will be crossed as well, it is good signal for long position. Note that there are a strong resistant line at 0.0445 which ZEC can't break several weeks. Buy at 0.0332 Sell at 0.0445 Stop-loss at 0.0295
ZECBTC setting up for a strong reversal here. (A)symmetrical head and shoulders forming; good to position size into this one with a potential second shoulder.
BITTREX:ZECBTC $ZECBTC Possible Scenario. Wait for break Entry Level then go Long!
Buy Zecbtc at cmp for 50% gain from here
Let's see how it goes...for posterity, I'm holding 20% of my crypto funds in it. Cheers, Ivan Labrie.