š„ KALEO SAYS $ZEC COULD HIT $5,000
CryptoKaleo compared the $ZEC /$BTC chart with Litecoin's old "death and resurrection" cycles. The script he sees: a breakout from a long bleed, a range right above it, then an up-only blow-off top.
His read is that Zcash already did step one and is near the end of step two. In his scenario BTC climbs another 50% and ZEC outpaces it by 170%, which puts ZEC somewhere around $5K.
Now the other side of the chart:
ā ZEC trades near $1,261, down about 4% in 24h
ā Price has been rejected near $1,370 several times
ā $1,240 is the support traders watch, and losing it brings double-top talk
My take: the privacy plus quantum narrative is real, but a $5K story needs a clean break of $1,370 first. Until that happens, it's a range, not a moonshot.
Where does ZEC go first: $1,500 or $1,100?
#ZEC #Zcash #PrivacyCoins #Altcoins
CryptoKaleo compared the $ZEC /$BTC chart with Litecoin's old "death and resurrection" cycles. The script he sees: a breakout from a long bleed, a range right above it, then an up-only blow-off top.
His read is that Zcash already did step one and is near the end of step two. In his scenario BTC climbs another 50% and ZEC outpaces it by 170%, which puts ZEC somewhere around $5K.
Now the other side of the chart:
ā ZEC trades near $1,261, down about 4% in 24h
ā Price has been rejected near $1,370 several times
ā $1,240 is the support traders watch, and losing it brings double-top talk
My take: the privacy plus quantum narrative is real, but a $5K story needs a clean break of $1,370 first. Until that happens, it's a range, not a moonshot.
Where does ZEC go first: $1,500 or $1,100?
#ZEC #Zcash #PrivacyCoins #Altcoins
