The recent pullback has given an opportunity for investors to buy good coins at a fraction of the price. I think Zcash right now is a HUGE buy, especially since it will be usable on AlphaBay starting July 1. When Monero was added to AlphaBay, its market cap increased by over 100 Million within weeks (it was at only 25 million before).
Zcash is a zero knowledge proof system, and a competitor to big name coins like Eth and LTC. The current market cap is ~ 460 Million and its price is .125 BTC. I think the market cap will be over 600 million by the end of July.
Zcash recently had a breakout, and I am expecting it to be similar to the previous breakout. The first breakout went to a new high, then pulled back between the .618 and .786 fib level. This is a healthy pullback.
The most recent breakout did the same exact thing. I am calling a breakout and new ATH within the next 2 weeks. It also has a 1.98 risk-reward ratio - very good!
OVERVIEW
Buy point - .12-.125
Stop Loss - .105
Risk-Reward Ratio - 1.98
