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SpartaBTC
Nov 29, 2023 2:38 AM

ZEC/USDT Secondary trend -94%. Downward wedge. 29 11 2023 Long

Zcash / Tether USDPoloniex

Description

Logarithm. Time frame is 3 days. Linear for clarity. Secondary trend that formed a descending wedge (bullish potential). This is all down -94% from last cycle's highs of $369.18 Halving (second one in history) will approximately be 17 11 2024. The chart for orientation to key resistance areas has shown the percentages that are very likely to be reached in 2024 (pardon my French).


Major trend. Time frame 1 month.




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Comment



“Taking out” long stop loss under support
horizontal accumulation channel to
dynamic support zone of the huge pump
channel (main trend), to the $17 zone. The reversal from it. Now about +30%

Now a potential breaking zone of downward wedge resistance and bearish trend. Two important zones for the price of this true cryptocurrency:

1) is 1 month before the BTC halving and 1 month later.

2) The time, most likely a very significant pump, is the time before the 2 halving of this ANONYMOUS cryptocurrency ZEC, which to please the regulator all large centralized exchanges want to get rid of at the moment.

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