Zcash (ZEC): Pattern & Waves Holding Up

in #zcash6 years ago

SUMMARY

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ZCash (ZEC/USD) is still traveling within the very large broadening pattern as shown in the below chart. The blue E wave still remains the target. Either white wave 1 is complete is has a bit higher to go; either way, wave 2 needs to be placed. The rounded bottom fractals still remain and the purple fractal is probably about half complete. So, this means that price is still in the basin phase (white rectangle). From a forward discerning perspective, white wave 3 could coincide with the top of the right wall and the handle be formed as wave 4.

Here is the MACD for ZEC and it is traversing within a symmetrical triangle pattern (blue lines). It made an attempt to breakout and has returned inside and I'm expecting for it to try again with bias for success (blue arrow). This type of MACD pattern is now very common and is indicative of the market readying. Readying for what? The continuation of the original trend which is UP!

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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You're a legend dude, keep on keeping on.

Hello, I was wondering if you were ready to admit that you were wrong since the onset of this flag war and that the flags you receive are a representation of the sentiment of the community and a HEALTHY CORRECTION to your overvalued posts. I would also like to know if you are ready to confirm to your followers some of the allegations (such as collusion and voting abuse) made from the beginning. I think this would be a good step in a positive direction for you. If you'd like, I can help you prepare a statement.

I'm looking forward to a friendly response. :)

Hello, I was wondering if you were ready to admit that you were wrong since the onset of this flag war and that the flags you receive are a representation of the sentiment of the community and a HEALTHY CORRECTION to your overvalued posts. I would also like to know if you are ready to confirm to your followers some of the allegations (such as collusion and voting abuse) made from the beginning. I think this would be a good step in a positive direction for you. If you'd like, I can help you prepare a statement.

Hello, I was wondering if you were ready to admit that you were wrong since the onset of this flag war and that the flags you receive are a representation of the sentiment of the community and a HEALTHY CORRECTION to your overvalued posts. I would also like to know if you are ready to confirm to your followers some of the allegations (such as collusion and voting abuse) made from the beginning. I think this would be a good step in a positive direction for you. If you'd like, I can help you prepare a statement.

Why you don't post anything about sbd?

Zec's listing on binance confirms that privacy are not an issue in america :)

Zcash is one of top privacy coins and is going make it maybe up to 1k

I think that all of the coins will go up soon

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
EOSEOS11.171$-8.47%-15.73%
QAUQuantum0.142$-7.94%-16.47%
UPUpToken0.127$-1.25%-16.96%
WAVESWaves4.682$-8.9%-23.81%
ZECZcash289.949$-11.79%-19.83%

Most famous crypto currency are going down this week

So you are betting the zcash price is going up in the short term. You must be expecting a 10-20% boost in a month.

Thank you will follow as I like these kind of updates.

Yeah! , thanks you for the huge information.

how much return can we expect in six months

Zcash expecting to go 5x to 6x

Zcash will go with the rest of the market. It is so correlated with the rest of the market, like all other cryptos, that it needs a whole bull run. With the integration with exchanges like Gemini the market will become less correlated but we are a long way from that. We need more ways to trade for fiat currencies.

Anyway you could do a study on Dent (DENT) or SelfKey (KEY)? I would really appreciate it, they look juicy

This is a very useful post for me beginner, I have followed you @haejin and I want to see your next post. I am sure you are a good and great person.

thank you for help.
zcash!!^^