1) BTCP snapshot was taken today which led to a dump in demand for $ZCL
2) Chart patterns are almost identical to what happened before the last pump
3) is showing similar movements like when the last pump happened
4) ABC-correction wave is already over
I opened a position at 0.0368BTC/ZEC
I see the possibility that this can happen now as well. Meaning there should be a bullish engulfing candle either on Sunday or on Monday.
I set a stop-loss at 0.03 BTC.
I mean the only reason why ZEC performed that weak the last 2 months way the stupid BTCP fork which created huge hype for ZClassic and took away market cap from ZCash.
That should be over (Just look at ZCL - dropped by 70% already). ZEC is used to be a top10 coin and there is where I see it going back to now.