We saw the mother of all pumps and dumps with ZCash (ZEC) who went from $20,000 to a low of around $25 at the end of March this year. Between October 29th and November 3rd of 2016 over 100 transactions were made with ZEC above $1,000.
For over 6 months a rounding bottom were made and June's selloff started the formation of a very parallel handle, similar to the one with STEEM.
A couple weeks ago ZEC pumped to over $450 breaking the handle and look at that volume, after the pump a correction with a volume contracting, an ending diagonal would signal the end of the correction. But you can start laddering in from now as the target for me is $793!
Over 240% PROFIT POTENTIAL, i'm not crazy, i calculated that target adding the fibonnacci golden ratio to the top made a couple weeks ago.
The hourly chart shows a triangle coming to the apex, that could be the breakpoint for ZEC.
I got 4 entry points distributed between $233 and $199.
If you have some bucks you shouldn't miss this ride!
ALWAYS MAKE YOUR DUE DILIGENCE, THIS IS NOT FINANCIAL ADVICE, TAKE IT WITH INFORMATIONAL PURPOSES
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Right on dude. Just found you via @haejin Good stuff, thanks!
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Thank you, i've learnt a lot from him!
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good man
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