What's next for ZEC?
Hello traders! Zcash has had a nice pump since my last idea that was posted on October 22nd. I wanted to update you guys on my ideas and further targets. Like I stated in my previous idea, $300 is still the first major resistance that has yet to be broken (although I believe we would have closed the weekly above it had it not been for the bitcoin dump). After $300, the next multiyear resistance is $380. I expect us to tap $380 dollars followed by a 20% correction to $300 dollars. After $300 resistance turns into support, I think we will begin to go parabolic and my first huge target is $1200. I will personally be exiting at around $1200, although it could reach much higher. This is not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.