ZECUSD Appears to be Approaching the Bottom of a Second Test...
...in Wyckoff's cycle to a Spring and/or Up Thrust. Yes, I could be wrong on this one and we end up going down further. However, I have a hunch this is not the case. I believe we are not far off from taking a leg up to the $50 to $55 range.
Yes, I'm saying I'm "long" on this one. However, this does "not" mean we should ignore taking the opportunity to make as cheap of an entry as possible. I believe we probably still go down a bit more from our current $35.01 price to somewhere in the $33's before legging up to the $50's.
Yes, I'm saying I'm "long" on this one. However, this does "not" mean we should ignore taking the opportunity to make as cheap of an entry as possible. I believe we probably still go down a bit more from our current $35.01 price to somewhere in the $33's before legging up to the $50's.
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Weekly TF:
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oops... wrong chart....Here is correct chart:
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