SUMMARY
Note: Sorry for delays as the backlog for analysis requests is getting bigger. I appreciate your patience!
The larger view picture of Zcash (ZEC/USD) shows what could be an ideal bullish setup. The two consecutive rounds of bottom formation is bullish because these reflect a very extended time of consolidation and churning of price sideways. As the chart below shows, ZEC had done this for about seven months. IF the wedge represents the degree of correction following a five wave impulse; then higher lows need to be placed. Price currently is undergoing a minor correction and as long as it stays above the prior low; a trend reversal potential is still in effect.
Here is a very common type of pattern for Altcoins, the broadening pattern. Recall from about 4 months ago, that I had posted on the speciation of patterns for Cryptos. The most common was the Cup & Handle (Chalices of Wealth); then the descending wedge and then the Jaws of Wealth, Broadening Pattern. Within each type, there is also unique variations of degree, waves and length. For ZEC, Elliott Waves and Pattern indicate that higher highs are not too far off. As price had touched the lower blue line; it now is expected to traverse towards the upper line. The target is shown to be somewhere in the $1,179 zone. Does this projection mean it'll happe tomorrow? NO! The July to early Fall would be ideal time frame. As long as the lower blue lline holds against any decisive breaching, ZEC could have a rather bullish outlook.
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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Is anyone having his/her investments in Zencash? I bought it like two months ago and now I am like it looks like I am the only one who bought it lol
Hope you will manage to get to brake even or small profit, otherwise....
I made this forecast on 26th of February:
Keep the $ZEC and $QTUM updates coming. $VEE, $MOBI and $AGI would be interesting.
Thanks, very good post !!!!
Awesome Work!
Keep it up!!!
@cryptoinvestinfo
Love the analysis, buy orders just underneath price currently. 1st target 0.05 Btc.
Anyone reading tea leaves to predict crypto prices yet? Might be more scientific
You don't need tea leaves, all you need is to study charts and understand them:)
I made TA for Zcash on 26th of February and it still valid:)
TA only works in markets that are deep and liquid enough. If even bitcoin can succumb to price drops when one trustee disposes of some coins, how much can we depend on TA for smaller cap coins?
It could just be a whale trap for all the small investors.
I do think TA is valuable, but this is the right medicine for the wrong patient
TA works in market where is psichology involved:) here we have bunch of it
I have been trying to learn more about zcash for sometime now. @jesseluther is right keep the updates coming. Now I just need to get enough cash together to buy enough of zcash to make it worth my wild. What is the average amount of shares does everyone buy?
Great analysis, can you post a different butt drawing style 10 times a day? :))
I probably could. Because they come in all shapes & sizes & colors. What style of butt would you like me to post about next?
I think steemit has unproportionally small percentage of men's buns))
How about MEN drawing butts. Will that do?
Some might call this crazy but I draw the booty as I see it.
I made TA for Zcash on 26th of February and it still valid:) However my view on this is different from yours like in many other:)
can you do a review on BitcoinZ? It's everything that BTC should be. Minable. Scalable. Lightning fast ...
well information.... thanks for information
..thanks you.
..
I would consider you to be my teacher, your analysis are just on point, love it, thanks. @haejin
When a whale can move a whole market, technical analysis is useless. It only works in large liquid markets
Coins mentioned in post:
ZEC has always done well for me in the past, let’s hope that it will again
I have just upvoted you go to my feed and upvote me as well i will do this daily if i got you sucessull upvote as i will work for 1 year then my account will be old so think of future and upvote me ..
thank you !!!
mwahahaha. nice plan. here. i upvoted you.satisfied?
Your post is very good, I follow you, I hope I can improve my ranking.
Very nice dear haejin
♥♥♥♥♥♥Love♥♥♥♥♥♥
interesting may take a look zcash. Thanks
Nice bro
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WE ARE THE RESISTANCE!
You are bullied by @grumpycat on your post.
We are resisting this.
Check this link,spread the word and join us if you would agree.
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The Resistance
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Thanks for helping @Dan
congrats your blue line gone :)