ZEC has had one incredible run up to the T200 mark. However, as I stated in a previous video today: ZEC poised to be trapped within it's descending triangle from over this past year. Zcash is in a historic downtrend right now. -Note the RSI in purple at the bottom of the screen -As I pull back to look at the daily ticker, you will notice that the strength...
Quick video detailing the fact that ZEC will meet strong resistance once meeting the downward trend at some point in the coming months. (ZEC will drop back to it's weekly pivot) Make sure, before you start poppin' cherries on hot tokens you'd never charted/hadn't charted in a while, look back at the daily and make sure you're not going to get shanked at the...
XMR sank back down after breaking slightly past the downward trend resistance (coming from March 8th's huge gain). With the respective correction and gradual 2 week climb back up, XMR is still very much poised to break out to new high not seen yet this year. Originally, I had assumed Monero would pump as soon as it broke out from that pesky negative trend...
Volume steadily increases... While price steadily decreases... I'm glad that I was able to bring ZEC back out on the daily ticker, on my last video, to observe the historic downward trend; because, I was able to notice something very bullish about Monero. As XMR's price continued to fall over the last year, it's volume steadily increased. This, to me, has...
Discussing XMR breaking through the trend to hopefully give us another nice pump up to the first resistance pivot also discussing ZEC at the end, and the fact that ZEC is on a historical downward trend. EDIT 03/24/22 @1805hrs MDT just noticed in my little ZEC analysis that historically, ZEC is forming a nice little triangle breakout with my bottom trend line....
LRC is poised to head into a descending triangular breakout pattern. Elliot wave cycle doesn't seem complete as of now. Had earlier thoughts made me believe we may jump back to around ~1.15. However I am neutral.
LRC has gone through its stages of a downward elliot wave cycle (A, B, C, D, E....) and up.
LRC is at the bottom of it's downward Elliot wave cycle. A, B, C, D, ...E
Resistance point is solid @t1.30 I just bought a few more tokens...
Yellow channel seems to be the proving ground. I feel as though we make it into the green-- we are going for a huge push.