WHAT'S NEXT AS $ZEC CLOSES IN AT ITS LOWEST POINTS IN 2017 AND 2019–2022?
ZEC has already gone through two markup periods, as you may have seen, with the 2017–2018 markup being the biggest markup to date. We're now watching how buyers react to the long-term opportunities our cryptocurrency offers.
Here are some potential future developments for ZEC.
In the cryptocurrency market, as well as other markets, it is crucial to understand the four market stages and how they occur. As they do throughout economic cycles, these four market stages will always be present in the market. Never forget that accumulations occur in every post-decline, and the market will continue to remain stagnant as an indication of these accumulations. This is what we refer to as the agreement area, although others refer to it as the ranging markets or the quiet before the storm. At this point, both buyers and sellers acknowledge that the sellers' stock is completely depleted and that they must raise prices in order to obtain additional supplies by requesting the lowest price. Looking at ZEC's present market status, we can see that it has already had multiple drops over a fairly long period of time. It's easy to predict where it's going, but the hardest part of achieving the best market position is figuring out the "right" moment.
So, how can we achieve the best possible market position?
It is not about figuring out how to get into the best position or analyzing ZEC's upcoming upward trajectory using previous data. It focuses more on our ability to assess the state of the market, create potential scenarios, and wait patiently for the next move in the price. Does the market continue to decline? We are watching the market, so don't worry. Does the market rise? Don't worry; we're waiting patiently for more setbacks and will strike when everyone has overcome their fear and the market is no longer uncertain. The market is uninteresting and stagnant. Don't worry, we won't grow bored and will instead keep watching for a significant move from the market.
In conclusion, you can analyze the market's current phase and use past data to confirm your future actions, but your trading mindset is the one thing that will yield the best results. In a market that will see large, impulsive waves every time there is a lull, patience and tenacity are essential. The ranging, consolidating, and accumulating phases of the market are all indicators of an impending significant move. Be patient, then.
Stay wise, trade cautiously.