ZECUSD completing a C wave and potentially surging by 106% after

May 8, 2018

Zcash is currently completing a C wave out of the WXY correction, which is also a handle from a larger cup and handle pattern. C wave should hit 260$ target if this scenario plays out as projected, which is a 0.786 Fibonacci extension which matches the 0 Fibonacci retracement level on 06.02.2018, so it will be a solid support. A handle in which the price is currently is a wave 2 out of the larger count, so my analysis is bullish overall, with the target around 561$ or 106% increase in price. If you would open a long position at the levels of C target at 260$, put your stop loss at the next below Fibo extension level at 246$ and set take profit at the projected wave V, your risk to reward would be 20.88!