Crypto Contest April 20: Zcash
Zcash (ZECUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Zcash began a wave one advance in February 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 6. If this wave count is correct, Zcash should be heading next towards the January 7 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Coinprofiles explained Zcash on March 22.
(Sources: https://z.cash/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Zcash will takeout the January 7 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Zcash will drop below the April 6 low".
If you think Zcash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Zcash will stay in a trading range between the April 6 low and the January 7 peak until May 26".
You can upvote the comment until 3 PM EST April 23 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Zcash will stay in a trading range between the April 6 low and the January 7 peak until May 26 (45 voters as of 3 PM EST April 23: helikopterben, gregory-f, glennolua, simonjay, revelationquotes, vicspics, flemingfarm, misalen, rothberg, toofasteddie, mgood, cryptotem, komischername, ahinga, starline, spyking, koskl, diogosantos, qmarpot, nicolaepavelean, steem-d-anlovnit, costanza, mike11, poti, richard78624, coolthings, portillo, mihail.tsvetkov, harryp3, emma28, marverick984, criptorafa, amity123, janine-ariane, neo-wiza, cmoljoe, biomanu, bahadirk, andy23, pario, techlife, utkarshvarma, easymoney202, photoquote, borban).
Zcash will takeout the January 7 peak (23 voters as of 3 PM EST April 23: bleujay, lydon.sipe, sanjay91422, skepticology, crokkon, me-do, bentleycapital, jznsamuel, shaunf, bxlphabet, steemit.nemesis, fitinfun, reconnectnature, tfeldman, karadere, kunschj, galasek, nordina, margaritaradkova, cosminblaga, stalexmkl, chotho, beiker).
Zcash will drop below the April 6 low (8 voters as of 3 PM EST April 23: sqlinsix, dlina-v-metrah, barbadosso, mirda, libert, photo-moment, punjolife, ragnaros).
Oh! I voted this one by mistake.
You can still change it.
but wouldn't it cost me a downvote?
You can remove the vote. You don't have to downvote.
Ok :),Thank you!.
I thought it costs Power of vote to do that :D.
Hey, just wanted to let you know I gave you an upvote because I appreciate your content! =D See you around
Out of curiosity, why are you looking at coin to USD(T) pairings? I feel like the value so based upon the rise and fall of btc in general that it defeats the purpose of technical analysis.
I look at both (USD and BTC) pairs. If you scroll down my blog far enough it is about 50/50.