If not a reversal, there will be a correction
Here is how zec would look if rally would be like neo's
I've just compared chart of ZEC/USD and ONT/USD. We know that ONT has recently had a nice run up and prior to it, there was a decline. This decline is like a copy paste on ZEC/USD. If this patter will repeat, very soon we'll see zCash trading at $60
It seems that ZCash will be accumilating for some time before revealing the next move. For now, I'd expect it to reach the major resistance at $35.3. Then consolidation will either start or we'll see a break above, stimilating buyers to enter long positions. On the other hand rejection of this level would lead to either another accumulation phase or could even...
I am watching this upport very closely. Considering I am all in Zcash, will exit if there will be a confirmed break below.
I am watching the Gann Fan trendline for either rejection or breakout. Currently the 15m, 1h and 3h candles all closed above it, which could be the end of the downtrend. Lets see how it turns out.
Here is what I see as a strong buy confirmation on ZEC which would potentially confirm the bull run.
Here are some key levels I am watching in the long run. Pehaps would be of use to you too ) Good luck
We are holding a key support. Accumulation is comming to an end. New bull cycle is about to start.
TARGET : 0.00461 TARGET : 0.00493 TARGET : 0.00520
Zcash shows very positive tendency for very rapid growth, we can see x2 extremely soon, perhaps in the next 7 days.