After my last ZEC call got washed out, this is what I see setting up. We might see another leg down into the lower support zone. At this point, you can either wait for a retest in that region, or you can buy the thesis that the support we are sitting on right now holds.
Neither short-term bullish trend held, but we've now fully retraced the last pump. Drew fibs for some short-term target levels to take profit. Fibs invalidated if support here does not hold.
If you are very conservative, you can stop out at 28 hoping to buy back in the lower accumulation zone.
Neither short-term bullish trend held, but we've now fully retraced the last pump. Drew fibs for some short-term target levels to take profit. Fibs invalidated if support here does not hold.
If you are very conservative, you can stop out at 28 hoping to buy back in the lower accumulation zone.