Will be interesting to see how they develop
Wave 1 completed. Wave 2 cannot drop below $45 or chart is invalidated. Wave 3 targets below. T1: $175 T2: $250 T3: $350 *In case this is an ABC, I added wave C targets. Wave C targets should act as short term resistances and I'm expecting price to break through these.* 1D RSI oversold
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Technical analysis: . Zcash/US Dollar is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 14. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary...