ZEC Short
Updated
ZEC:USD has in my opinion done a 5 wave Elliot pattern.
I was able to count all three impulse waves, breaking each down into another five impulses
An ABC flat-ish has completed and I am seeing an impulse failure at X. Or one could call an A and B completion.
Bitcoin looks like it's ready to make another move down, but that's another story.
I was able to count all three impulse waves, breaking each down into another five impulses
An ABC flat-ish has completed and I am seeing an impulse failure at X. Or one could call an A and B completion.
Bitcoin looks like it's ready to make another move down, but that's another story.
Note
Bearish MACD andRSI divergence can be seen as wellforgot to mention that
Note
The price is going to bounce inside the channel a bit. Maybe one or two more touches of the resistance, first bouncing off a .236 fib level, and then down towards T1Note
target 1 reachedNote
T2 area reachedNote
T3 reachedTrade closed: target reached
Patience is key, all targets reached, took 8 days. Analysis accuracy 100%. Entry was stopped out, called the X too early. But the stop just touched so reentering the position would have been wise, as one can now see.Closing position.
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