We have a nice price action around 3000 sats as you can see on the chart. This was and continues to be a strong support area. Also, one more reason to be confident about this support level is because the same 3000 sats level is also the point of control for the VPVR. I expect a rebound from this area in the near future.
- ZEC looks very bullish to me right now. It found support at the 0.236 fib level (where we also had a strong support provided by the VPVR) from which it rebounded and finally broke the descending trend line. This triggered a very bullish move to the upside today and it probably marks only the start of a much brighter bull run for Zcash. - The green boxes are...
In order for ZEC to reach the 92$ target it has to: 1. establish support over the red line 2. break the .618 fib level 3. be above the annual pivot point * the first 2 conditions have already been met
LTC has a good support in the 60$ range. The 50% fib level, the VPVR and the price action in that range are all telling us that there could be a good support for the price. And potentially it will reverse at that level and will form a perfect cup & handle pattern. Bear in mind, the price of LTC is still dependent on the BTC evolution, but the halving is also near...
The downward breakout of the ascending broadening wedge foretells a further drop.
I expect a bull run in the coming days as the activation of Segwit nears. The target will be around 5000 USD.
I expect a bull run in the coming days as the activation of Segwit nears. The target will be around 5000 USD.