Zcash (ZEC): Pattern & Waves Holding Up

in #zcash7 years ago

SUMMARY

Note: For anyone who missed the BitcoinLive Information Webinar, here is the replay link: https://youtu.be/No4frLOz3UE

As of June 4th, ALL Crypto Analysis will be posted on the BitcoinLive channel and Steemit will be dedicated for Equity, Commodity and Option Analysis. To Signup for the BitcoinLive limited Founding Membership slots, use this link: https://get.bitcoin.live/haejin/

__

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.

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?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Sort:  

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

Coin Marketplace

STEEM 0.22
TRX 0.26
JST 0.039
BTC 94314.40
ETH 3317.14
USDT 1.00
SBD 3.15