ZCASH getting ready to play catch up? 322% to 457% gains coming!
Have you noticed how much ZCASH has been lagging behind the rest of the market? This recently came across my radar and I was in disbelief. I've noticed in the past that ZCASH would follow Litecoin & Compound. All three alt coins have similar circulating supply so I was never too surprised in the past when I'd notice the three tokens pumping/dumping together or very close together within a certain time frame.
ZCASH looks primed for a huge swing trade opportunity with minimal risk & astronomical rewards. This is due to Bitcoin being at all time highs, Ethereum has had a okay price increase the past six months and Litecoin is flirting with the 100 level. Compound also recently had a pump to about 100 as well. Most of the market has left ZCASH behind in the dust. Allow me to dust you off ZCASH. Let's take a look at what ZCASH can easily accomplish when it decides to catch up to the rest of the market.
Yellow fib is drawn from most recent swing high to swing low. ZCASH needs to over come the .236 level at 65.60 first and fore most. Next we have the white horizontal ray at 129.19(322%) which has been a major level of support and resistance in the past. Right above the white ray we have the .618 fib at 141.20(360%) a.k.a the golden fib level.
The purple trend line is drawn from the bottom of the wicks from December 21 2020(first touch point) and February 21 2022(second touch point). Which is roughly around 154.40(404%). Slightly above the purple trend line is another white horizontal ray at 160.91(425%) which was a major level of support and resistance in the past.
Lastly the red box of resistance drawn from the top of the wick from April 25 2022 which is where we dumped hard from. Bottom of the red box is at 166.02(442%) & top of the red box is at 170.04(457%).
These are some levels that should come into play when ZCASH decides to play catch up with the rest of the market. Tell me have you seen a better swing trade setup?!
Trade smart & secure profits.
ZCASH looks primed for a huge swing trade opportunity with minimal risk & astronomical rewards. This is due to Bitcoin being at all time highs, Ethereum has had a okay price increase the past six months and Litecoin is flirting with the 100 level. Compound also recently had a pump to about 100 as well. Most of the market has left ZCASH behind in the dust. Allow me to dust you off ZCASH. Let's take a look at what ZCASH can easily accomplish when it decides to catch up to the rest of the market.
Yellow fib is drawn from most recent swing high to swing low. ZCASH needs to over come the .236 level at 65.60 first and fore most. Next we have the white horizontal ray at 129.19(322%) which has been a major level of support and resistance in the past. Right above the white ray we have the .618 fib at 141.20(360%) a.k.a the golden fib level.
The purple trend line is drawn from the bottom of the wicks from December 21 2020(first touch point) and February 21 2022(second touch point). Which is roughly around 154.40(404%). Slightly above the purple trend line is another white horizontal ray at 160.91(425%) which was a major level of support and resistance in the past.
Lastly the red box of resistance drawn from the top of the wick from April 25 2022 which is where we dumped hard from. Bottom of the red box is at 166.02(442%) & top of the red box is at 170.04(457%).
These are some levels that should come into play when ZCASH decides to play catch up with the rest of the market. Tell me have you seen a better swing trade setup?!
Trade smart & secure profits.
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