ZCash long oportunity: finishing corrective Elliot Wave C
Here is a long and medium term Elliot Wave Analysis for ZCash vs Bitcoin in Kraken.
I see opportunity to go long around 0.033388 and ride the motivation wave and/or do some take advantage of the impulse waves.
Could it go to back to the previous high of 0.17 Bitcoin (x5) around Jan 18? What do you think?
There is a lot of information on this chart with many wave extensions that can only be seen on a shorter time frame, I hope it is readable. If requested I can post charts for the shorter time frames also. If you see any mistakes in Elliot Wave Analysis please let me know and I'll try to correct them.
Disclamer: this is only my analysis for my own trade, it does not constitute financial advise, do your own research and due diligence, do not invest what you are not prepared to lose.
I see opportunity to go long around 0.033388 and ride the motivation wave and/or do some take advantage of the impulse waves.
Could it go to back to the previous high of 0.17 Bitcoin (x5) around Jan 18? What do you think?
There is a lot of information on this chart with many wave extensions that can only be seen on a shorter time frame, I hope it is readable. If requested I can post charts for the shorter time frames also. If you see any mistakes in Elliot Wave Analysis please let me know and I'll try to correct them.
Disclamer: this is only my analysis for my own trade, it does not constitute financial advise, do your own research and due diligence, do not invest what you are not prepared to lose.
I believe that we will continue going down to complete waves 3, 4 and 5 which will mean also the completion of wave C and the start of a new uptrend.