Gamble of the Century - ZCASH (ZEC) Analysis (1W)ZcashCRYPTO:ZECUSDvs_sayinWe might be around the corner of witnessing another skyrocket move very soon. Today, I'll examine Zcash (ZEC). I'm not going to bore you with all that "tech" stuff. All you need to know is that ZEC is needed in the market and is one of the very few coins that actually does "something." If we ignore the noise and leave the lower time frames aside, the picture you see on the weekly chart is the result of a well-accumulated asset's journey. After the formation of a cup-and-handle pattern, the price tends to skyrocket. The psychology behind that formation is simple: accumulation. And what I believe is that we haven't seen all the results of that accumulation yet. When we count the waves correctly, we can realize that the price might currently be in wave 4. The good news is that it’s about to come to an end. Among all waves, wave 4 is usually the most complicated one. In this case, I believe that wave 4 is forming a triangle. You can zoom into that triangle on the 12H time frame and check the image below: From what I understand based on the lower time frames, we haven't reached wave "Z" yet, which should be the final leg of the main wave 4. Nevertheless, if the price manages to break above the $290 level, I would expect a move that no one will imagine. Currently, the price is supported by the 50 SMA, as you can see on the chart, but that's not all. The price is also sitting at a weekly "breaker" zone, which was a well-established supply zone years ago. Old zones only matter when you see a reaction from them — and we can clearly see one right now. The invalidation level for this analysis is $175. Keep in mind that ZEC and many similar coins do not strictly follow Bitcoin and often have low correlation. So yes, Bitcoin may fall further, but ZEC might behave very differently. Let's see how it plays out. Good luck, Skyress