According to $ZEC the chart, you can see a beautiful cup and handle pattern forming on the weekly timeframe.
@Zcash has already broken the neckline/resistance of this pattern, and if the pattern follows through to its 100% target, the target could be around $2,200.
There is no doubt that Cup & Handle is a strong bullish pattern. But in my opinion, these patterns are more reliable when they form near the bottom or after a long downtrend/accumulation.
And this is exactly where I feel curious and cautious about the current #ZEC setup. This piece formed near the TOP / ATH zone after a massive 6,755% pump over just the past two years.
That is why I am not blindly bullish just because the pattern has broken out. The pattern itself looks strong. My concern is where the pattern formed, not the pattern itself.
After a huge move from $16 to $1087, we must also consider the possibility of a fake breakout, profit-taking, or a major correction.
So yes, $2200 is possible if the pattern fully plays out. But do not let a bullish pattern remove your risk management.
A chart pattern is a probability, not a guarantee.
The Zcash:Native thesis is very simple. A lot of non-crypto people were desperate to make 'another Bitcoin' $ZEC They want to do that because they missed out on the 'first Bitcoin'
Now the cabal will impose Zcash on us as 'privacy Bitcoin' because it has similar properties:
- POW - 21 million coins - halving every 4 years
All of this because a lot of big crypto firms were late to Bitcoin, so now they want to replay the same script.
This is kind of weak and tacky, and at the same time very, very optimistic $BTC
$DOGE $DOGE At 0.082 — it moves as if stuck in the rush of a Monday morning.
It rose by 1.9% over 24 hours, but it’s still down 6.5% over the week. Total interest rates are looming on the horizon, and the founder, Billy Markus, shared his sarcastic quips titled "A Great Start to September," and $361 million was liquidated in the market over 24 hours.
Technically: If it holds at 0.0802, we bounce—lose it and we’ll turn to 0.0794. Resistance at 0.0836.
One question: Is this expanding here, or waiting for Elon to wake up and tweet?
$FIL 🚨 $FIL I just woke up — but is this a breakout or a trap? 👀
$FIL Suddenly, it started heating up as it rose 11.9% in 24 hours from $0.685 to about $0.81. 🚀
The fundamentals are still strong: Filecoin has about 22.1 EiB of effective storage power and 150B+ FIL staked.
On the chart, things get exciting too. The funding rate and the moving average are trending upward, but there’s one warning sign: the RSI6 is close to 80, which means FIL could be overheating in the short term
In a rising market, you don’t need to follow every step. The real advantage lies in protecting your capital, managing risk, and keeping emotions out of your decisions. The structure of my personal portfolio $BANK A single entry, due to fear of fear of fear, can erase profits from several good trades. You don’t have to win every trade. Protect your capital, stay disciplined, and keep your liquidity ready for the arrangements that really matter✍️…..♥️🇸🇩 $KAITO
But honestly, the move itself isn’t what keeps me watching. What happened after the move is.
ZEC massively repriced, then regained most of it.
Even after one of the worst possible headlines for a “clean money” asset that focuses on privacy—like fake EC, this one— the market initially crashed. The issue was then fixed, and the index returned to high levels.
$SNDK is trading/ With $xSNDK at $1.504 (+3.40%), trying to recover after retreating from its recent high of $xSNDK at $1,540.34 in search of local support at $1,492.71. The stock moves within a 24-hour range of $1,449.66 to $1,540.34. Price action is holding slightly above the short-term moving average support level (MA5: $1,502.58) while testing resistance near the MA20 (at $1,508.78) under weak MACD momentum
Who keeps selling $ZEC ... just to get their right? 👀
The market is struggling, yet $ZEC keeps climbing.
The bears keep betting on a decline. Zik does the exact opposite. 📈
And this is where things start getting interesting...
Every short sale that’s trapped can become fuel for the next move: shorts get liquidated → forced buying → pushes the price higher → traps even more shorters.
If this momentum continues, the pressure on the bears could get very uncomfortable. 🔥