$ZEC (WEEKLY): cycle-long ACCUMULATION followed by huge BREAKOUT

ZEC has been doing absolutely insane moves over the last 4 weeks, 500%+. Is it too late to hop on this money train? I definitely think so.

First of all, what a beautiful example of that classic piece of trading wisdom, 'the longer the acculumation, the greater a breakout'.

It was nearly 4 years of absolutely nothing in terms of patterns, just pure bottom-shaping. Sideways, chop-chop, no trend whatsoever.

And then, once the 200 MA was broken, total madness. I love the 200 MA, super pivotal. But that was one, EXTREME case of it.

Right now, it's extremely overbought after hitting $310 this week, still no ATH (May 2021 - $372).

And people will be aping in just based on the fact that it is yet to break the record price.

Possibly, it might easily continue upwards, but the WEEKLY has been screaming CAUTION (it has for a while, to be fair).

I have caught up with my #zcash research a bit today, there obviously are NO UNLOCKS to worry about, just the regular EMMISIONS from mining (like BTC with the HALVINGS every 4 years).

Tokenomics-wise, each DAY roughly 2-3 thousand tokens enters circulation. That's a substantial $ amount, betweem $600k and $900k in freshly minted coins, per day.

I am definitely going to try and find a SHORT position on this, just give me some time. Too late to do anything else, and that LIQUIDATIONS cluster just above $200 looks tasty in the MARKET MAKER eyes, no doubt.

👽💙