Zcash Strong In 2024/25 | 500-785% Growth Potential (3480% ATH?)

6 בספט׳

Hello my friends, we can see that ZECBTC has been going through a strong bear-market but that's most likely because miners use this pair as an avenue to cash-out their gains...

The 5-Aug. week has the highest volume ever, even higher than in 2021. So Zcash vs Bitcoin (ZECBTC) bottomed in July 2024 and immediately after the low it produced the initial bullish breakout.

When Bitcoin was crashing and the rest of the market in early August, this pair was moving up. Now it is doing a retrace which is likely to end in a higher low and then the resumption of the bullish trend.

I can make the same argument here that I made for Litecoin on the LTCBTC trade-idea.

Strong project. Strong in the sense that they've been tested by surviving for a long time after being neglected. Strong because the project has real use-case, real innovation, real developers, real supporters, etc. Strong fundamentals I should say.

When the whole world will be focused on instability and chaos, people will be looking for something stable and this is one of the Altcoins that people will choose to hold. This is not only speculation we can see actual proof on the chart.


➖ Growth Potential

The consolidation triangle was active for almost two years, so this is a long-term structure. After the breakdown we have a strong bearish impulse and there is price discovery on the downside. The bottom is confirmed with the huge buy volume in early August 2024 and after the ATL in July 2024, which produced a strong reversal signal based on candlestick reading.

Just to test this same structure that was active between 2020 and 2022, ZECBTC would have to grow between 500% and 785%. It can go higher, but this would be the main resistance level for the up-coming bullish phase.

Depending on how this level is handled and how long it takes to reach it we will know if it will go higher or end the wave there.

For example: If this level is reached within 2-3 months, it becomes highly probable that it will break as resistance on the second attempt up.

If it takes, say 6-8 months to reach this level and the action is weak, then we can easily assume that the top is in.

Zcash vs Bitcoin grew ~160% within 40 days... Yes! It is possible that this resistance level mapped on the chart will be challenged in 2024. If this happens, we can expect even higher in 2025.

This is just my speculative opinion based on chart data. The way we approach the market has nothing to do with how we read the charts our what we have to say.

To trade, we develop a strategy and follow it to the end.

We set up some goals and decide an exit strategy for both situations; if the pair produces growth, how to exit? If there is no growth, what should I do; quit or hold?

With all this said, strong growth potential is obvious based on the action already present between July and August 2024.

I will look at the ZECUSDT chart and see what it has to say and publish my views on it. This can give us a better picture as to what we can expect for this pair.

Once I do both, ZECBTC and ZECUSDT, you can reach an informed decision on how to trade.

This information is meant to be used as an adjunct to your thinking, to your own planning, to your own strategy.

Take what works for you, what can help you improve.
Leave what you disagree with and all is good... Very good indeed.

It is my pleasure to write for you.

Namaste.