Crypto Contest June 6: 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 March 27. The wave one finished on May 5, and the wave two correction ended on May 17. The wave three advance finished on May 23, and the wave four correction ended on May 27. If this wave count is correct, Zcash should be heading next towards the May 23 peak in the wave five.
(Chart courtesy of Tradingview.com)
Zooming out in the daily chart, I believe Zcash is currently in the wave three (sub-wave v). The wave one began on February 23.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Zcash will takeout the May 23 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Zcash will drop below the May 17 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 May 17 low and the May 23 peak until July 6".
You can upvote the comment until 6 AM EST June 7 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 May 23 peak (24 voters as of 6 AM EST June 7: bleujay, otisbrown, coinmaker, twinner, jimmco, simonjay, yefet, allyouneedtoknow, tuvokhl, soundmoney, ikilledcobain, abh12345, daniel.dalo, jznsamuel, starline, eirik, mprgrmmr, shango, thatsweeneyguy, avarice, damla, dirty.hera, lvl, ragnaros).
You won.
Zcash will drop below the May 17 low.
Zcash will stay in a trading range between the May 17 low and the May 23 peak until July 6.
Zcash will stay in a trading range between the May 17 low and the May 23 peak until July 6
Why you dont upvote? And write here again?
At least write some other case to get upvoted...
"Zcash will stay in a trading range between the May 17 low and the May 23 peak until July 6".
This is fun. Thanks for the post.
Thank you. Glad you like it.
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