ZEC expect to terminate the wave C correction at the Red support line on the chart just shy of 50% fib ret. Targets on this trade are Mid/ Long term to new highs .
@dariushmaatoon007, There is 3 supports shown on chart, where small red and blue arrows point to . Third one is where is the most probable where I expect to end the correction. As I mentioned before since price went lower than 40800, the whole count was redone !
lord_feo
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please update.
edwardcryptoamos
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@lord_feo, ZEC may test support again but I do not expect to break it . Candle with low at 40800 is the key ! tomorrow and day after major moves expected . Let's see what happens, just hold if you entered in position for Mid term at least .
lord_feo
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@PAHMAD1339, Thanks. I keep holding.
dariushmaatoon007
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@PAHMAD1339, can you explain for me about 40800 candle?
edwardcryptoamos
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@dariushmaatoon007, Related to wave counts ! level 40800 low is wave 4 of wave 3 impulse on the previous rise from 30 to 52 level . If market goes below this level then the whole TA is invalid and we have to count all over from higher time frame working our way to lower time frame . May want to study regarding Elliot wave theory which I use in all my TAs !
dariushmaatoon007
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we an on edge it will touch support line i think it will go down