Zcash Elliott Wave Count Points to $423 but Flags a Dangerous Pattern




 Zcash is pushing higher on the 4-hour chart, and the Elliott Wave count building on ZEC right now is one of the more carefully structured setups visible in the crypto market this week. Price is trading near $381, and a completed wave (4) correction has opened the door for a wave 3 push toward Fibonacci extension targets ranging from $423 to $487.

The analysis comes from MoreCryptoOnl on X, who posted the 4H ZEC/USD chart showing waves (1) through (4) complete, with a fresh subwave structure labeled (1), (2), A, B, C positioning price for the next leg. The Fibonacci extension at 100% targets $423.01, and the 123.6% level sits at $486.92. Those are real levels that traders are watching.

But the same analysis flags a significant risk. Wave (5) in the count appears to be forming as an ending diagonal. That is a terminal pattern, not a continuation pattern. Ending diagonals converge, overlap internally, and almost always resolve with a sharp reversal once complete. So while ZEC may reach $423 or even push toward $530, the structure above those levels is fragile by design.

The broader picture adds context. Zcash recently got listed on Robinhood for spot trading, and Thorchain enabled native cross-chain ZEC swaps. Both expanded retail access in measurable ways. DCG founder Barry Silbert has publicly compared ZEC's potential trajectory to Bitcoin's early boom cycle. And the Grayscale Zcash Trust saw volume double in late April 2026 as shielded supply hit record highs.

None of that changes what the 4H chart is showing. Support between $333 and $364 is the zone that needs to hold for the wave 3 thesis to stay intact. A breakdown below $333 puts the count under review entirely.

For a full breakdown of the ZEC Elliott Wave setup, the ending diagonal risk, and what the Fibonacci targets mean for the structure, read the complete analysis at CryptoNewsLive.org.

The detail in that chart is worth understanding before the next move happens.

Comments

Post a Comment

Popular posts from this blog

Ripple Is Building XRPL's Defense Against Quantum Computing, and the Clock Is Already Running

Image
  Ripple has released a detailed plan to protect the XRP Ledger from quantum computing threats, and the timeline it has set is not aspirational. The target is full post-quantum cryptography readiness by 2028, with active work already underway in 2026. The roadmap runs four phases. The first is an emergency contingency for a scenario where quantum computers break classical cryptography ahead of schedule. Ripple calls this Q-Day readiness. In that scenario, the XRP Ledger would enforce a hard network shift, stopping classical public-key signatures and requiring users to migrate to quantum-safe accounts. The second and third phases cover 2026. Testing begins on NIST-recommended post-quantum algorithms under real XRPL workload conditions. Performance, storage, and bandwidth costs all get measured. Then hybrid deployment begins on Devnet, running quantum-resistant signatures alongside existing ones before anything touches the live network. Project Eleven, an organization working on cr...
Read more

Hoskinson Just Said Everything Nobody Else Will Say About Crypto in 2026

Image
  Charles Hoskinson spent over an hour on the O Show with host Wendo in April 2026 and covered ground that most crypto founders avoid in public interviews. The Midnight Network mainnet went live on March 31 with nine institutional node operators including Google Cloud, MoneyGram, Worldpay, Telegram, Vodafone's Pairpoint, eToro, Bullish, Blockdaemon, and Shielded Technologies. That alone is a headline. But it was not the most important thing he said. The AI agent argument is where this interview breaks from the usual. His position is that zero-knowledge proofs are not primarily a privacy feature. They are the only mechanism by which AI agents can verify each other's behavior. When an autonomous agent is managing your funds across multiple blockchains while you sleep, it needs mathematical proof infrastructure underneath it to constrain what it can do, protect your data without exposing it, and settle value in real time without a middleman. Midnight is being built for that future...
Read more

: KelpDAO's $292M Bridge Hack Just Broke Aave and Locked Real Lenders Out

Image
  On April 18, 2026, a single forged message on a cross-chain bridge became 2026's largest DeFi exploit. Someone called the lzReceive function on LayerZero's EndpointV2 contract, tricked KelpDAO's bridge into accepting it as a legitimate transfer, and walked away with 116,500 rsETH worth $292 million. That was 18% of rsETH's entire circulating supply, minted on Ethereum mainnet with nothing backing it. The attacker did not stop at the theft. The stolen rsETH went straight into Aave V3 as collateral, and against it, the attacker borrowed approximately $236 million in wrapped ETH. Real funds, borrowed against tokens that had just been fraudulently minted. Aave was left with roughly $280 million in bad debt, frozen rsETH markets on both V3 and V4, and an ETH utilization rate that hit 100%. That last number matters more than it sounds. When ETH utilization on Aave reaches 100%, lenders cannot withdraw. Real WETH suppliers, people who had deposited ETH into Aave's len...
Read more