ZECUSD is showing more confidence in the coin amid yesterday's fall of the crypto market and including the fall of bitcoin. ZCash shows strength from the buyers and breaks the resistance of the main bearish trend
I expect a final consolidation above the previously broken border, or a retest of the support of the uptrend channel with further growth continuation....
Z-Cash price has touched the lower bound of a price channel defined back in 2021 and is getting ready for a reversal. Based on past performance, I'd say we are headed back to $100 by April 2023. Whether we exit this channel at that time or not isn't yet clear but it sure does look like a 100% gain here is in the cards.
Just doodling IDK what I'm doing and this is not financial advice.
I do feel next 6-12 months is sideways chop for Crypto after that I'll be a bulliever. Fingers crossed $1,500 ZEC December 2025 (or near then).
ZEC has a Botton head and shoulders in progress. Though the volume of the formation does not follow the studies of H&Ss, but only confirmation is when neckline is penetrated with decent volume or decisive price action.
The pair is now trading in an uptrend after breaking the descending trend line and the supply zone, and is also trading above the EMA 200, which is expected to rise to 55.60 then 57.20
ZEC Long from 52.3 up to 57, Short 65 down to 59. It's better to lock in a fast profit so that I can compound my account than to try to hit home runs and end up liquidated
Looking for the wicks to be filled during the next pump. Targeting 165 to 170.
If the wicks get filled and price doesn’t continue to the upside, 165/170 would be a lower high on the weekly time frame.
What does everyone think?
