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NastyBeer
Feb 8, 2023 10:46 AM

ZECBTC Zcash RIGHT ON 0.886 

BINANCE:ZECBTC720
Zcash / BitcoinBinance

Description

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Just 2 options:

a) 0.886 holds and blast the f up
b) 0.886 fails and zec gets #rekt

Similar pattern to PYRUSDT which managed to get back into the wedge and looks to break upwards

Hold my beer pls

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No financial advice, do your own research, don't be stupid

Comment

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really has to come out of below 0.886 RIGHT NOW or its gonna be really bad

Comment

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arrived at bottom of channel, super bullish if it bounces here on 1.13 aka failed wave

Comment

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nicely bouncing here after losing the channel and not touching 1.272. might still visit 1.272 and bounce tho.

after a bounce, if it fails to break channel in red area, 1.618 as final target looks pretty much straight forward fibwise

Comment

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de facto a double bottom for now, something not been seen for quite a while

lets see if a new impulse emerges from here, SL surely a new low

Trade active

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hit that 2.618 with the 5th wave. fasten seatbelts

Trade closed: target reached

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well it went down a bit further and... yeah, hit that 1.618

lfg from here
Trend AnalysisChart Patterns
Comments
noam_chom
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@NastyBeer any update? looks primed for a channel range bounce with target around 00180-001750
NastyBeer
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@noam_chom, yeah actually still as per the last update above, like this tradingview.com/x/7d1dJsIj/, might be a 50% pump if lucky for short term, but longer term might have to work on some divergence and finaly lower targets?
noam_chom
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dangerously fighting for its life at the 0886 level.
SwallowPremium
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Pretty good idea to be honest!
noam_chom
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never bounced. ZECBTC is nothing but pain, the entire year
NastyBeer
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@noam_chom,
nice double bottom, with falling wedge
- if you were patient till now, this is not the moment to give up
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