$ZEC $SOL $XAU
Weekly cup-and-handle pattern, target $2,200?
@CryptoPatel on 9/7 drew a textbook-level cup-and-handle formation on the ZEC weekly chart: breakout through the neckline, pullback to build up momentum, then wait for a 100% measured move. Two years have already seen a gain of 7,800%—the position isn’t low either. Patel also reminds everyone that a “fake breakout/deep correction” could happen too.
Market: ZEC perpetuals are trading at $1,086.00, down -12.74% over 24 hours. High: $1,251.92, Low: $1,066.19. Perpetual volume: $2.775 billion. Structurally, as long as the 20-day EMA at $775 holds, it’s strong. If it breaks, look to the weekly Bull Market Support Band at $518–$521.
Above: $1,200 → $1,450 → $2,000;
Below: if $1,000 is lost, pullback to $935 → $775.
Tonight’s 20:30 CPI is the variable, but that $47M short liquidation line Garrett Jin set is pinned at $2,292—what the bulls need is only time.
$ZEC $SOL $XAU
Weekly cup-and-handle pattern, target $2,200?
@CryptoPatel on 9/7 drew a textbook-level cup-and-handle formation on the ZEC weekly chart: breakout through the neckline, pullback to build up momentum, then wait for a 100% measured move. Two years have already seen a gain of 7,800%—the position isn’t low either. Patel also reminds everyone that a “fake breakout/deep correction” could happen too.
Market: ZEC perpetuals are trading at $1,086.00, down -12.74% over 24 hours. High: $1,251.92, Low: $1,066.19. Perpetual volume: $2.775 billion. Structurally, as long as the 20-day EMA at $775 holds, it’s strong. If it breaks, look to the weekly Bull Market Support Band at $518–$521.
Above: $1,200 → $1,450 → $2,000;
Below: if $1,000 is lost, pullback to $935 → $775.
Tonight’s 20:30 CPI is the variable, but that $47M short liquidation line Garrett Jin set is pinned at $2,292—what the bulls need is only time.
$ZEC $SOL $XAU
