ZCash (ZEC): Patterns Within a Pattern

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.

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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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