We had a very good news regarding Zcash last time. It will be listed on Gemini Exchange. The price has exploded.
It may go even higher as looking at the big picture of ZEC we are very low according to Fibonacci levels (big scale). The second chart with bigger picture illustrates this.
Right now it is good time to stay vigiliant and reload or simply buy ZEC. We may encounter massive gain within following weeks/months.
So we observed finished pattern (1-5). We have to prepare for the correction waves (A-C). Wait till it's finished.
Looking at the and Weis Waves we can see now demand is spent. Following green wave is signifiantly smaller than previous one.
Waiting for higher supply. Price should decrease then.
We assume perfect levels for reload would be at Fibonacci small scale at level between 0.03465900 and 0.03940200 (green ).
Of course it has to be confirmed by Weis waves.
- Elliot Wave pattern finished (1-5)
- Expecting to have correction pattern (A-C)
- Weis waves - demand is spent - significantly smaller green wave observed
- Reload or buy at level of between 0.03465900 and 0.03940200 (green )
- Waiting for the confirmation from Weis Waves indicator - trend reversal.
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We are closing this for the time being. Observe the level of 0.0456. We will launch new analysis. This one will closed.