$ZEC #zecash
Zcash chart analysis was somewhat challenging.
I identified the end of the first yellow ABCDE wave, but I was uncertain whether the wave could decline further rather than starting a 0 wave uptrend.
Now, considering the possibility of an irregular correction, I’m leaning towards a positive outlook.
The current chart shape suggests an upward impulse wave of ABCDE.
It looks like a correction is on the way, and while it’s hard to pinpoint exactly where it will end, if ZEC resumes its upward trend, I believe it could easily reach around $100.
With only 16 million out of a total of 21 million coins mined so far, and assuming many have accumulated at this price level, I expect a significant upward move could occur.
Please follow for continued chart analysis.
