Long

ZDEXWETH Current Trend

Updated
Latest fib count on ZDEXWETH and a few channel ideas. Will update as price action provides me with more info.

This exchange is a serious contender with the likes of 1inch and Pancake swap but with the added addition of Order books, limit order functionality, gasless trading with fees paid as percentage of trade value and no requirement for LP. Currently has a miniscule MC in comparison.

Chart played the Wykoff game perfectly, accumulation and re-accumulation phases, wedge type capitulation before a spring and primary test. Party may just be getting started here. From an FA perspective the bugs have just about been ironed out, DOT integration is on its way which IMO will be a far superior platform to integrate with compared to BSC and Ethereum.

Watch this space.
Trade active
snapshot
Note
Steeper channel in the first chart was merely a figment of my imagination. Price has now formed a second higher low and IMO all but confirmed a reversal.

This setup I like much better, new channel aligns better with previous price action and also what I see as an internal fractal angle close to channel midline.

Lick the stamp and send it.
Trend Analysis

Disclaimer