Crypto Contest July 5: Zcash
Zcash (ZEC/EUR) has broken out of the triangle 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 18, and the wave two correction ended on March 27. The wave three advance finished on June 14, and the wave four correction ended on June 26. If this wave count is correct, Zcash should be heading next towards the June 14 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Zcash will takeout the June 14 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Zcash will drop below the March 27 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 27 low and the June 14 peak until August 5".
You can upvote the comment until 3 PM EST July 6 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). Only participants with a Reputation of 35 or more will qualify in the contest.
Zcash will takeout the June 14 peak (19 voters as of 3 PM EST July 6: gregory-f, otisbrown, simonjay, lydon.sipe, daniel.dalo, starline, skririm, abh12345, poppy.poppers, flemingfarm, eirik, steemit.nemesis, ragnaros, me-do, carlosdaniel, psilacetin, stay9n0, romeomagxi, phusionphil).
Zcash will stay in a trading range between the March 27 low and the June 14 peak until August 5 (19 voters as of 3 PM EST July 6: twinner, yefet, freiheit50, me-tarzan, psywalker, steem-buzz, themovieplace, allyouneedtoknow, komischername, cassidyandfranks, catena, damla, jznsamuel, andy23, mprgrmmr, coolthings, miniature-tiger, rhino, retrocometzz).
You won.
Zcash will drop below the March 27 low (3 voters as of 3 PM EST July 6: libert, mirda, lig007).
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Great post about Zcash keeps sharing man.
Thank you Farhan.
This post has been ranked within the top 80 most undervalued posts in the first half of Jul 05. We estimate that this post is undervalued by $18.28 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jul 05 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Very good post. Interesting to see I'm not the only one that is thinking about this. Feeling sorry for all the uneducated investors that will loose a shitload of money in this high risk crypto market. I found this great website: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. On: https://www.coincheckup.com/coins/Zcash#analysis For a complete Zcash Investment and research analysis.