📈 Zencash ZEN / Bitcoin TA, going up and potential 100% return
Here is Zencash, and we can see it is about halfway up in the next bullrun.
The correction from last top took place as the pink ABC, and I have labeled up the red 3,3,5 subwaves to verify.
I marked up the bullish RSI divergence in orange, which clearly told the correction was over.
You can see how the superguppy show the blue traders group lead the way down, with the red investors group following by. Both groups tightened and turned grey as the price turned up again for the blue wave 1. Wave 2 compressed the guppy, before it widened out up in wave 3.
I expect wave 3 to go up to the 0.618 fibonacci mark, or thereabout.
I would not be surprised if wave 5 stretched even more, giving potential for a 100% return yet to come to ZEN.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
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