ZCASH coiling up?

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 (www.tradingview.com/...cash-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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Commento:

Might do a BCH like move?

Commento:

hit that buy zone

Commento:

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

Commento:

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

Commento:

same type ending pattern

Commento:

besides hitting 4.236 like clockwork check that zcash thrust

Commento:

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

Commento:

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

Commento:

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

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Commento:

pretty sure the btc pair will sweep 0.886

Commento:

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

Commento:

not looking nice as rejected, better luck next try?