ZEC UPDATE REQUEST: Channel formationRequested TA:
Unfortunately we are heading into resistance, as you can clearly see.
2 options here, we breakout, but then fade, or we fail to break dip, and then rally.
The challenge here is now BTC as it needs to move to 55K, but with regards to ZEC, i think the trend channel, and its zones are clearly seen now.
Buy everything in Accumulation, sell everything in distribution, also when i say sell, i mean convert to BTC, or other asset that u think can hold your value well.
Overall buying ZEC here, will matter a great deal on macro, then actual price action. Since buying time was during the accumulation phase.
__REVIEW__
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It is alright TA, but the fractals with the Perfect alignment is so spot on -- GOD like
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Covid march strike, trend failed, solid entries were good, but not perfect - MOM was correct in a long run, heh
Bull target was executed flawlessly by those that scooped up everything in the crash.
Triangles are always dangerous and u can see why, volatile breakouts, in either directions.
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__FRACTALS__
APR 4, May 11, Jun 7, 23 July 1, Oct 23, May 2'2023
*LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place!
Thank you,
_Ajion