Crypto Contest April 7: Zcash
Zcash (ZEC/EUR) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Zcash began a wave one advance on February 23. The wave one finished on March 1, and the wave two correction ended on March 10. The wave three advance finished on March 18, and the wave four correction ended on March 27. If this wave count is correct, Zcash should be heading next towards the March 18 peak.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Zcash will takeout the March 18 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Zcash will drop below the March 10 low".
If you think Zcash is in a range, upvote this post and upvote the comment "Zcash will stay in a trading range between the March 10 low and the March 18 peak until April 30".
You can upvote the comment until 3 PM EST April 9 and you can upvote only one comment. 200% of Steem from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
Zcash will takeout the March 18 peak (23 voter as of 3 PM EST April 9: otisbrown, anotherjoe, nextgen622, daveks, majes, gomeravibz, orenshani7, jdbry, digit, idnit, reisman, idnit9, idnit0, idnit1, mrfoot, evildeathcore, starline, angels, mirda, aurai, dirty.hera, bleujay, legends).
You won.
Zcash will stay in a trading range between the March 10 low and the March 18 peak until April 30 (5 voter as of 3 PM EST April 9: bleujay, twinner, allyouneedtoknow, yefet, ragnaros).
Zcash will drop below the March 10 low (4 voters as of 3 PM EST April 9: dan-atstarlite, me-tarzan, gregory-f, coolthings).