After Zhou-level has surged 10x from $ZEC , what happens next? A deep dive into Elliott Wave Theory!
ZEC (Zcash)‘s recent price action has left the market stunned! From a bottom of 15.78, it went on a wild run to 1296, forming an extremely exaggerated parabolic curve on the weekly chart. With the current price around 1141, many people are torn: Is it still worth getting in now, or should you run for the exits?
Today, using Elliott Wave Theory, let’s map out the ZEC macro scenarios ahead! 🧵👇
📊 【Core Market Snapshot】
Current price: $1,141.68
24h high: $1,296.02
Order book data: buy/sell ratio 32.62% vs 67.38% (clear short-term sell pressure)
🌊 【Elliott Wave Structure Breakdown】
🔹 Wave 1 (Initial rise): Started from the “iron bottom” at 15.78, surged to around 233, completing a long-term base breakout.
🔹 Wave 2 (Pullback / consolidation): Retraced to around 100 to form a double bottom, shaking out the less committed holders.
🔹 Wave 3 (Impulse leg / main surge): The most intense part! It vertically jumped from 100 straight to 1296—more than a 10x gain—a textbook explosive impulse.
🔹 Currently at: Wave 4 (Correction wave). The current price is down about 12% from the peak, digesting a huge amount of profit-taking. Because Wave 3 was too steep, the correction will most likely finish with wide-range consolidation or a complex pattern.
🎯 【Future Price Scenarios & Key Levels】
Scenario A (Bullish continuation, starting Wave 5 to top):
After repeated consolidation and shakeouts in the 1000–1300 range, if price stabilizes and rebounds, Wave 5 should begin.
👉 Target: Break above the previous high at 1296, then look toward the 1500–2000 range (at that time, watch for weekly-chart “bearish divergence / top divergence”).
👉 Key supports: 1,000–1,050 (23.6% retracement, the first line of defense); 700–800 (38.2% retracement, a golden pit for medium-to-long-term).
Scenario B (Bearish reversal, with a big top already formed):
The parabolic surge fears one thing most: momentum exhaustion. If it breaks below 500 (the lifeline), the entire five-wave rising structure gets damaged—be alert to the risk of “how it surged upward is how it can fall back down.”
The above is only a technical-theory scenario analysis and does not constitute any investment advice!
ZEC (Zcash)‘s recent price action has left the market stunned! From a bottom of 15.78, it went on a wild run to 1296, forming an extremely exaggerated parabolic curve on the weekly chart. With the current price around 1141, many people are torn: Is it still worth getting in now, or should you run for the exits?
Today, using Elliott Wave Theory, let’s map out the ZEC macro scenarios ahead! 🧵👇
📊 【Core Market Snapshot】
Current price: $1,141.68
24h high: $1,296.02
Order book data: buy/sell ratio 32.62% vs 67.38% (clear short-term sell pressure)
🌊 【Elliott Wave Structure Breakdown】
🔹 Wave 1 (Initial rise): Started from the “iron bottom” at 15.78, surged to around 233, completing a long-term base breakout.
🔹 Wave 2 (Pullback / consolidation): Retraced to around 100 to form a double bottom, shaking out the less committed holders.
🔹 Wave 3 (Impulse leg / main surge): The most intense part! It vertically jumped from 100 straight to 1296—more than a 10x gain—a textbook explosive impulse.
🔹 Currently at: Wave 4 (Correction wave). The current price is down about 12% from the peak, digesting a huge amount of profit-taking. Because Wave 3 was too steep, the correction will most likely finish with wide-range consolidation or a complex pattern.
🎯 【Future Price Scenarios & Key Levels】
Scenario A (Bullish continuation, starting Wave 5 to top):
After repeated consolidation and shakeouts in the 1000–1300 range, if price stabilizes and rebounds, Wave 5 should begin.
👉 Target: Break above the previous high at 1296, then look toward the 1500–2000 range (at that time, watch for weekly-chart “bearish divergence / top divergence”).
👉 Key supports: 1,000–1,050 (23.6% retracement, the first line of defense); 700–800 (38.2% retracement, a golden pit for medium-to-long-term).
Scenario B (Bearish reversal, with a big top already formed):
The parabolic surge fears one thing most: momentum exhaustion. If it breaks below 500 (the lifeline), the entire five-wave rising structure gets damaged—be alert to the risk of “how it surged upward is how it can fall back down.”
The above is only a technical-theory scenario analysis and does not constitute any investment advice!
