Hi guys , my next idea . If you like what I do, please like it👍 in advance.
On the 1D timeframe, a Double Bottom pattern was formed, there was a false breakdown of the neck, but the strength of the buyer was not enough for further growth, now the price is forming a downtrending channel with strong volatility. The bulls are trying to take over the situation again,...
I hope you are fine
I have identified a diametric that I think we are in the last wave of this diametric. After the g wave, we can see a drop and move down
Comment if you have any questions
Thank You
this is an update of Zcash Analysis which we did on 01/02/2021
as we can see our Hidden Bullish Divergence Implemented, price made a rally and higher high, touched the TP Zone Green Box, where we had our 161.8% level Fibonacci projection Triggered.
price corrected itself and retraced down to the past ATH and Top of our Ascending Channel, so we got our...
Zecash test mentioned area 4 time and this test will break out this resistance zoon and resistance will be converted to support area (Filip Level)
The first target 117$
Price will be side way after break out descending trend line and probably after break out side way it will continue up trend depend on #btc movement
#zecusd #zecusdt #zecash #zec_analysis #zecash_analysis
