SUMMARY
ZCash (ZEC) belongs to the Cup & Handle Altcoin Species and to the double Cup& Handle sub species. When you get double of anything..it's that much more emphasis given; either bullish or bearis. My initial target was $907 for the wave 1 of the breakout..ZEC might have already put in Wave 1 and is now working on Wave 2. If so, the remaining waves 3,4 and 5 should allow $2,169 to be hit.
The ZEC/BTC also belongs to the Cup & Handle species of Altcoins. The very elongated handle formation has shown a price breakout!! This breakout is a confirmation of the bullish pattern which is also complete. The most probable direction from here will be up! A targt of 0.3057 BTC or higher can be expected.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**