Short

ZEC - Zcash - Time for reload! Short temporarily.

Updated

Hi Folks!

We had a very good news regarding Zcash last time. It will be listed on Gemini Exchange. The price has exploded.
It may go even higher as looking at the big picture of ZEC we are very low according to Fibonacci levels (big scale). The second chart with bigger picture illustrates this.

Right now it is good time to stay vigiliant and reload or simply buy ZEC. We may encounter massive gain within following weeks/months.

So we observed finished Elliot Wave pattern (1-5). We have to prepare for the correction waves (A-C). Wait till it's finished.
Looking at the volume and Weis Waves we can see now demand is spent. Following green wave is signifiantly smaller than previous one.
Waiting for higher supply. Price should decrease then.
We assume perfect levels for reload would be at Fibonacci small scale at level between 0.03465900 and 0.03940200 (green rectangle).
Of course it has to be confirmed by Weis waves.

Technical analysis summary:

Elliot Wave pattern finished (1-5)
Expecting to have correction pattern (A-C)
Weis waves - demand is spent - significantly smaller green wave observed
Reload or buy at level of between 0.03465900 and 0.03940200 (green rectangle)
Waiting for the confirmation from Weis Waves indicator - trend reversal.

Stay tuned.
If you have any ideas/thoughts don't forget to question and comment in section down below.
If you want to be up-to-date don't forget to follow us.

Hugs!
WBM Team

Note

Guys. Wait till buy zone which is at level of between 0.03465900 and 0.03940200 (green rectangle ) . After ABC Elliot Waves cycle is finished.

Note

In order to be sure we are following ABC patterns watch the level 0.046 (last peak).In case we omit ABC patern we may go higher and break quickly level 0.046. If so 0.046-0.050 will be level to buy

Note

Guys still no confirmation of growing demand.Wait to reload.

Note

No green wave appeared yet. Stay cool.

Note

Guys, demand is spent - look at the consecutive green waves - there are getting smaller. On the other hand red waves are getting bigger - supply is growing.Wait ABC cycle to be finished. We should get to the buy zone which is marked as green rectangle.

Note

Unfortunately we are not at tradable level... Or we go down to buy zone or we break 0.0456

Trade closed manually

Guys. There is no demand and supply is growing. We have to wait for trend reversal.
We are closing this for the time being. Observe the level of 0.0456. We will launch new analysis. This one will closed.

WBM_Team

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