UnknownUnicorn1650127

UnknownUnicorn1650127

DISCLAIMER: This is just an idea, do your own TA. You are the only one responsible for the actions you take based on this idea.

UnknownUnicorn1650127 Updated 

As you can see we have a head and shoulder pattern forming up on the up trend.

UnknownUnicorn1650127

Although it's on an up trend right now, there are several resistance lines that need to be crossed.

UnknownUnicorn1650127

As seen from the graph we completed the final correction wave and the candles bounced above a major support line. Considering the RSI , MACD and previous behaviors it seems that we also have a right shoulder forming (if the resistance is broken).

UnknownUnicorn1650127

Looking at the graphs it's on an uptrend channel but the candles are getting close to the resistance. It may break it or go back toward the support as seen previously

UnknownUnicorn1650127 Updated 

We are now at wave C->D, with the lowest point being the 50% retracement level. We may see a price as low as 1.41 on the completion of the last wave before it starts to go up again.

UnknownUnicorn1650127

The RSI and MACD point to a bullish behaviour and we have high volume, an upward trend and a bearish looking candle. At this point I would just HODL to see if the resistance gets broken or not.

UnknownUnicorn1650127

To me it looks like a head and shoulder pattern is about to complete.

UnknownUnicorn1650127 Updated 

Applying the Elliot Wave tells us that the price will go a bit lower (event to 1k) before it bounces on the support line that has formed

UnknownUnicorn1650127 Updated 

A did a TA on the chart of ZEC, and to me it seems that we are on wave 3. What do you think and how much do you think it will grow?