ZEC has been a high flyer amongst all of the Alts. It peaked as expected, same time as BTC of course. Now the inevitable retrace is here and progressing.
94.46 - 95.04 should be a decent support with bounce. 87.44 - 88.72 would be the extended retrace target. 77.73 - 77.20 will be essentially Bulls' Last Stand.
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See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page.
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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Decent bounce off the first support zone. Lets see if it holds
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Possible double bottom at first support but I am suspicious because a truly bullish bounce should not have come back at all. But lets see ...
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