ZCASH coiling up?

16 nov 2023

Well it hasnt moved as much as other but the USDT pair has made a nice double bottom while the BTC pair went on to hit its 1.618 (tradingview.com/chart/ZECBTC/A9uTSJR6-ZECBTC-Zcash-RIGHT-ON-0-886/) forming a nice divergence.

8.236/16.236 target to look at still depending on how the impulse goes.


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2 gen

Nota

Might do a BCH like move?

3 gen

Nota

hit that buy zone

4 gen

Nota

the price action since the highs in 2021 have been clearly in a corrective manner, remdinding of the EOS ending pattern. Especially the last legs on the meanwhile tripple bottom look somewhat crashing structure like hinting this could really form a bottom here with a strong reaction either way suppose retracement levels 0.618/0.886 will be achieved at some point, if it can continue up, we will see

4 gen

Nota

if this support goes away, well, but for now not rock solid, but solid

4 gen

Nota

same type ending pattern

4 gen

Nota

besides hitting 4.236 like clockwork check that zcash thrust

5 gen

Nota

at look at the btc pair its like WOW



w3 on 1.886, w5 on 2.618

triangle for w4

height of triangle for reference target

major divergence one hasnt seen before

8 gen

Nota

if it doesnt bounc here on the 0.95 it would be bad and sad lol



given the btc pair would have to drop some more 10% to hit the triangle target price, this could suggest btc might be about to pump while usdt pair doesnt go lower (best case scenario for zec). if it fails to hold single digit prices might be ahead and below 1:1 extension its lights out for bulls

9 gen

Nota

if it losed 0.95 level most likely after a retracement into $24 now resistance its game over and question will be how deep it will fall

10 gen

Nota

10 gen

Nota

pretty sure the btc pair will sweep 0.886

11 gen

Nota

here we are pushin into 24/25 resistance, flip it and be good

12 gen

Nota

not looking nice as rejected, better luck next try?

4 giu

Nota

long time no update yet zec managed to be absolutely poorly performing creating another lower low.

but now bottom might be finally be in and question is do we get one more touch on trend line with ending 5 wave pattern or do we go from here? 32.05 tells the story

30 nov

Nota

its been coiling for ages and now its finally its time to shine, did a new low which is sad but it means it likely goes to 1.272 minimum to 1.618 max in corrective pattern. lets monitor. either way good moon shot to ride