Zen Cash Still Is the Zen of Wealth

SUMMARY

Back during early Fall of 2017; I had recommended ZEN for MASSIVE profit potential and had dubbed the bullish looking Cup & Handle chart the "Zen of Wealth". From $5.22 to $67 was a whopping 1,132% in profits! My view on Zen Cash has not changed but rather remain more excited because as this correction progresses, it too shall pass and give way to the next round of bull run.

The current correction has been more sideways and so directionless and this is typical of Altcoins because such sideways price action becomes a time pacman and so allows more time to be consumed into the correction. I've labeled it as WXY (blue) double three and the subwaves are also shown. The final five waves for C of Y show that white waves 3,4 and 5 down are not yet complete...but they shall be.

From the perspective of Fibonacci; the correction could settle around the 0.78 zone. While there is a hint of a H&S top pattern, volume does not confirm so that pattern will be discussed in a future update, if required.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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