ZCash - ZEC/USD -- Elliot waves show the likely paths

in #money7 years ago

Seems that an uptrend has started after a nice bull flag had formed which broke to the upside. However, corrective waves are fractals and it could make another bull flag down after entering the resistance zone highlighted on the chart.

Will this happen, or will it blow through the resistance zone and on its merry way to all time highs? The charts don't opine on that (yet) so we have to wait and watch.

ZECUSD - Primary Analysis - May-15 1141 AM (6 hour).png

I will be sure to update you as soon as I get more information from the price action! Stay tuned!

Hope this analysis was/is/will be helpful!

Note: you can right-click and open charts in new tab to see them at full size -- they are quite large and clear.

Thank you!.png

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Thanks for sharing this post!!!, I have some invests in Zcash