ZEN Cash: Bullish Ascending Right Triangle..Target $41.79 (84% Profit Potential!!)steemCreated with Sketch.

in bitcoin •  7 years ago 

SUMMARY

ZEN Cash is morphing, on a Technical Anaysis perspective. The chart below had shown an a,b,c,d,e triangle and a breakout was expected.

With new price data, and as Technical Analysis is but symbol of symbols, it is thus twice removed from reality, and thus not perfect, EW counts and Chart Patterns need updating. The below chart shows that ZEN has morphed into a Bullish Ascending Right Triangle. The price target per this pattern is $41.79

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Legal Mumbo Jumbo: 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.**

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7 years ago by

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    • [-]
      ·  7 years ago 

    Hey Haejin, even I joined Steemit after watching your videos on youtube :) And started reading the book you suggested and going into deep technical analysis very very quickly compared to having just been a few weeks treading the crypto world very cautious by not investing fully until I got a strong hold of what I was doing..

    About ZenCash, can you do another update after some time, because it seems to have fallen to 21$ approx and the original beautiful triangle seems to have been deformed, and the deviation is too deep to consider as a bullish wick too.. but yes we can enlarge the triangle and continue with the same conclusions but still would love to hear your comments :)

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      2 votes
      [-]
        ·  7 years ago 

      Hello
      I find you on youtube and join the steemit because of you :), keep the good work, when I find how to upvot I will :)))) , can you tell me something about FLIK coin

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        1 vote
        [-]
          ·  7 years ago 

        Welcome to my blog!
        I wish you MASSIVE profits!

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        5 votes
        [-]
          ·  7 years ago 

        Welcome to the best spot on the web to learn crypto analysis!

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          1 vote
          [-]
            ·  7 years ago 

          Thanks for reacting to my request!
          I think Zencash has now broken through the supportline. Isn't it a time for stop selling?

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            1 vote
            [-]
              ·  7 years ago 

            The lines are not lines in the sand, they can be updated:

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            5 votes
            [-]
              ·  7 years ago 

            The lines are not lines in the sand, they can be updated:

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            3 votes
            [-]
              ·  7 years ago 

            that would be great! tnx for analysis

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              1 vote
              [-]
                ·  7 years ago 

              Now i see....zencash keep falling...

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                  ·  7 years ago 

                @steem-marketing has voted on behalf of @minnowpond.
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                  [-]
                    ·  7 years ago 

                  How long could take to get the 41$ target? Please

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                    [-]
                      ·  7 years ago 

                    Hard to tell with the Hurry up and wait syndrome. Depends on how long the corrections take.

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                    [-]
                      ·  7 years ago 

                    Is this a bullish wick? a fake out, or is Zencash heading South

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                      [-]
                        ·  7 years ago 

                      Thank you for the above :) Could you please do an analysis for Rise?

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                        [-]
                          ·  7 years ago 

                        I will sell half my shares at $40+ for a 400% profit

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