Call me crazy... but... ZEC Still has momentum?!
-
Alright, I know what you're thinking. ZEC has already seen a significant pump. But looking at the 4-hour chart, I can't help but see the potential for even more upside run here.We appear to be in the midst of a classic Elliott Wave structure. I think we completed a strong bullish wave (3) and have just finished what I believe is an ABC correction for Wave (4). Price found strong support around the 50 period simple moving average, and the OBV is also showing strength, holding its trendline even during the correction. Whenever it touches that OBV trend, it bounces up in the past.
Long Entry: Current levels seems holding itself pretty well on the 50-peroid SMMA. Very good R:R setup.
Target: $950
A decisive break and close below the 50 SMMA and the Wave (4) will invalidate the whole wave count.
-
ZEC holding momentum in this market is honestly impressive. 🧩

-
Privacy narratives tend to appear out of nowhere — ZEC might not be done yet.

