Papou

ZEC next cycle 0.7 BTC

Long
POLONIEX:ZECBTC   Zcash / Bitcoin
ZEC is completing its first market cycle with a classic 100% retrace. Likely to find support here in the buy zone set by prior lows of support. ZEC has been in its mining phase, establishing a good distro as well as market cap keeping up with coin emission. The development team is all ivy league and big names are behind this; not to mention the tech is solid, even Snowden shilled it. Using fib extensions set by this cycle we can get a good target for the next bull run which would take us to the 4.76 extension most likely which is also a prior top of a candle in history as seen here.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.