Zcash ZEC big bullish wedge, target around 200

17 sept. 2018

Zcash has been making a big bullish wedge with a target around 200. But the difficult thing on this one is, the whole market looks very bearish for on the short term so it's a bit conflicting. With all wedges, the bounce up can be before touching the support line again or even a false break out to the downside before moving up. From the current movement of Bitcoin it's too dangerous to get in now. Safest play would be wait for entry below 100, since a false break out could even reach towards 90ish before invalidating the wedge completely. Or wait until it becomes clear the wedge will break on the upside.

23 sept. 2018

Note

Still inside the wedge, with average volume. It has made a small rally but no real convincing volume yet. But that's normal inside the wedge. We want to see the volume dring the breakout. We are close to the end of the wedge, so not much room left to drop again. To stay convincing it should stay above the 110ish.

24 sept. 2018

Note

Now it's really starting to look like a solid breakout. Good move up with good volume, Now it should stay above the 132/130. ZEC is one of the few alts that is in the green today.