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STEEM and ZEN possible future price pathway

I've been looking over two of my favourite coins, Steem and ZenCash, and it's amazing how the charts are almost a mirror image of each other.

Both started out with a steep drop from an initial high, formed a cup and handle, dropped down again forming a second rounded bottom, before then breaking out to new all time highs.

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The pattern forming in ZenCash looks like it's a couple of months ahead of Steem. We are approximately where ZenCash was in late October.

What's amazing is that even the price proportions are almost an exact mirror. From the initial high of 21forZEN,thetopofthecupreached21 for ZEN, the top of the cup reached13 in September, then bottomed again at 5,beforejumpingto5, before jumping to30 in late October. Compare that to STEEM with an initial high of 4.80,withthetopofthecupreaching4.80, with the top of the cup reaching2.80, then dropping back and again shooting up to a new high of $8.80.

We have even had a mirror of the first correction ZEN experienced after breakout out of its cup and handle, from a high of 30inlateOctobertoalowof30 in late October to a low of15 at the start of November. We have just had corresponding drop from 7.50to7.50 to3 in STEEM, with a rebound to $7.

If we map these same proportions out into the future, the recent all time high of 72forZENinlateDecemberwouldtranslateinto72 for ZEN in late December would translate into20 STEEM, something that I think would make us all very happy!

8 upvotes $0.15

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