ZCash (ZEC): Patterns Within a Pattern

in #zcash7 years ago

SUMMARY

ZCash (ZEC) has been bound within a broadening pattern for quite a while; since its inception back in November of 2016. It's currently sitting on the lower bottom trenline support and often this position forecasts early entries for sizable profiteering potentials. The blue ABCDE still stands; thoug with the passage of time, the E wave has been moved to the right and thus, its target has also elevated given the rising to blue trendline.

There are currently two completed rounded price formations as shown by the yellow and the white arrowed lines. The third, purple, could already be well in progress. This could also jive well with a developing five waves up impulse.

Closeup shows that MACD coiling, pretty much what is happenning across the Cryptosphere. A reversal of certain degree is expected to kick off the trend reveresal.

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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Gracias @haejin por compartir tu informe, muy claro como siempre, un gran abrazo.

yes... nice...

follow you thanks.

I want to buy some ZCASH but my BTC wallet is empty!

So am i...

redirect funds ,you probally have invested in something so pull around 15% to 25 % percentage of there .But If you really are of need of cash aim for the coins like sbd , steem ,vtc, eos and so forth , they will have some really good action in april/may

I bought some a while back. I just hope that uptick on the way up you have be omes true!

Check out @TruthTrader. It tracks Haejin's performance. I give #Hgin a BIG FUCKING F For FUCKING FAILURE!!!!

Very informative i must comment, as regard ZCash, i bought some but just to resume trading.

Nice post
I am very happy to be friends with you, I will follow you but do not forget to follow back so I can update your post