$ZEC Gemini was wrong just like I was.
Post
Annuit coeptis
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$ZEC provided wave analysis, and verified it via AI. Gemini answer:
Yes, conceptually and formally the W-X-Y markup is **technically correct** and fully complies with the rules of a double zigzag:
Wave (W): Correctly placed at the local minimum of 1055 USDT (completion of the first corrective three).
Wave (X): Clearly fixed at the rebound peak of 1215 USDT (the connecting element).
Wave (Y): Properly directed downward to form the final descending zigzag.
Nuance about the target level (Y):
The mark of 888 USDT is a rather aggressive extension (138.2% of Fib). For trading, consider a gradation of targets:
Base target Y (100% of W): $1215 - 240 = \mathbf{975\text{–}980\text{ USDT}}. This is the most likely zone for the end of the correction and the initial reversal.
Deep target Y (138.2% of W): 888 USDT** (as on your chart). Possible in case of panic selling, but expect the first buyer reaction above that—around the psychological level of 1000–975 USDT
Yes, conceptually and formally the W-X-Y markup is **technically correct** and fully complies with the rules of a double zigzag:
Wave (W): Correctly placed at the local minimum of 1055 USDT (completion of the first corrective three).
Wave (X): Clearly fixed at the rebound peak of 1215 USDT (the connecting element).
Wave (Y): Properly directed downward to form the final descending zigzag.
Nuance about the target level (Y):
The mark of 888 USDT is a rather aggressive extension (138.2% of Fib). For trading, consider a gradation of targets:
Base target Y (100% of W): $1215 - 240 = \mathbf{975\text{–}980\text{ USDT}}. This is the most likely zone for the end of the correction and the initial reversal.
Deep target Y (138.2% of W): 888 USDT** (as on your chart). Possible in case of panic selling, but expect the first buyer reaction above that—around the psychological level of 1000–975 USDT