A CASE FOR THE PARABOLA
Before I begin, I must state my reservations: this is an occurrence witnessed once back in 2017 and has not been tested since. With that being said, I applied similar trend analysis to BNB back in early May, predicting the accurate outcome of $28 to the very date. So, I am equally convinced and skeptical...
First off, there's a ZEC fork in mid-July? Didn't know that but fantastic!
Okay, TA...on the daily timeframe we have seen the bullish cross of the 50 above the 200 - seen only once before in 2017. Still, the crypto markets are very TA-driven. In 2017, this led to a price spike of +230% in one month. Compared to today, the RSI and price action are nearly peak-for-peak identical. Further, if we were to apply the 230% spike to span of one month, mid-July, we have our fork date...
It almost too perfect.
This is not financial advice.
First off, there's a ZEC fork in mid-July? Didn't know that but fantastic!
Okay, TA...on the daily timeframe we have seen the bullish cross of the 50 above the 200 - seen only once before in 2017. Still, the crypto markets are very TA-driven. In 2017, this led to a price spike of +230% in one month. Compared to today, the RSI and price action are nearly peak-for-peak identical. Further, if we were to apply the 230% spike to span of one month, mid-July, we have our fork date...
It almost too perfect.
This is not financial advice.
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