After holding the 63$ level (previous resistance), we have retested it as our current support and seems to me that we are about to experience a strong imbalance in the trading range via a breakout.
Everyone who has sold is likely out and we should see new interest coming into ZECUSDT which has been moving together with XMRUSDT and DASHUSDT.
Support Zone for eos will be 1.506$
Last Support Zone is around 0.46
First Big resistance 4.55$
So probably we are going to test in next few weeks support zone.
If break that zone road to 0.46$
#Playsafewithrado and with #stoploss
This is my idea based on Elliott's Wave theory.
If my counts are correct - BTC should go to test $3200-3000 zone. In case of successful re-test BTC could go to upward, up to $6000 zone is expected!
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LTCUSD has found a bottom at the "Dead Cat Bounce Level". (See previous post)
My analysis estimates that we will see a break out in the next 3 days.
I have Fibonacci extension targets of 1, 1.382, and 1.618.
It looks like we will bounce off the Long-term downtrend line 1 more time before finally breaking the trend.
I will keep you updated.