It's very possible we see a wick down to retest support zone at $48 to scare investors.
I'm setting buy orders at this level to buy the dip -- $ZEC below $50 is always a very good opportunity.
Please also watch BTCUSD chart, as this shitcoin still influences bluechip project like Zcash !
Don't think too hard, Zcash uptrend is strong this is a bull market and...
I closed my Ethereum Classic trade at $8.39 yesterday. I told you in last post to stay out below $8.40, currently sitting at $8.10
Now what do I have my eyes set on.
I'm going to be watching zcash play out in this wedge.
We could see it breakout and form a right shoulder for about 35% gain.
Now I am scouting for my entry.
Almost the same pattern that ethereum...
Yes my outlook remains bullish.. This is only an exaggeration of an existing move by whales. The market will continue to do what the market wants.
Look for my youtube channel on my twitter handle.
I had to drill down to Hourly chart to see what is going on with Zcash. While the majority of the coins are going up, zcash is on the opposite trend. Zooming in, we are in a bullish setup where 1H is showing descending wedge, which is a bullish consolidation pattern, once this break to the upside, we can see upward of $87.
Entonnoir : W/D/H4 (swing)
Le weekly est en range (blanc). Le prix est en train de compresser en daily (jaune) en bas de ce range. Le setup intéressant serait de se placer à l'achat si on a une sortie de compression daily à la hausse (flèche verte).
Funnel : W/D/H4 (swing)
The weekly is in range (white). The price is currently compressing on...
Oversold + RSI Divergence
Zcash is one of the most underrated coins.
Although Zcash moves together with BTC, But I hope, Zcash gets better the next days. I feel like BTC will crush soon because of the delay of the recovery from last drops.