Zcash Prepares To Grow vs Bitcoin (26% to 94% Potential)

Dec 1, 2022

Zcash (ZECBTC) print a low in January 2021 and is now in consolidation mode.
Let's read this chart.

We have higher lows long-term but also lower highs, which is the consolidation pattern.

In October 2021 we had a hammer candlestick on the weekly timeframe which marked the low of the wave.

Now, after more than a year, another hammer shows up, November 2022, which can signal the same.

We have two main targets on this chart and timeframe... Let's have three:

1) 0.003200 (26%)
2) 0.004190 (66%)
3) 0.004890 (94%)

These are just rough estimations but they are good for the short- and mid-term.

Thank you for reading.

Namaste.