SUMMARY
ZEN Cash is morphing, on a Technical Anaysis perspective. The chart below had shown an a,b,c,d,e triangle and a breakout was expected.
With new price data, and as Technical Analysis is but symbol of symbols, it is thus twice removed from reality, and thus not perfect, EW counts and Chart Patterns need updating. The below chart shows that ZEN has morphed into a Bullish Ascending Right Triangle. The price target per this pattern is $41.79
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Hey Haejin, even I joined Steemit after watching your videos on youtube :) And started reading the book you suggested and going into deep technical analysis very very quickly compared to having just been a few weeks treading the crypto world very cautious by not investing fully until I got a strong hold of what I was doing..
About ZenCash, can you do another update after some time, because it seems to have fallen to 21$ approx and the original beautiful triangle seems to have been deformed, and the deviation is too deep to consider as a bullish wick too.. but yes we can enlarge the triangle and continue with the same conclusions but still would love to hear your comments :)
Hello
I find you on youtube and join the steemit because of you :), keep the good work, when I find how to upvot I will :)))) , can you tell me something about FLIK coin
Welcome to my blog!
I wish you MASSIVE profits!
Welcome to the best spot on the web to learn crypto analysis!
Thanks for reacting to my request!
I think Zencash has now broken through the supportline. Isn't it a time for stop selling?
The lines are not lines in the sand, they can be updated:
The lines are not lines in the sand, they can be updated:
that would be great! tnx for analysis
Now i see....zencash keep falling...
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Hard to tell with the Hurry up and wait syndrome. Depends on how long the corrections take.
Is this a bullish wick? a fake out, or is Zencash heading South
Thank you for the above :) Could you please do an analysis for Rise?
I will sell half my shares at $40+ for a 400% profit