$ZEC I’d like to share a very useful tool:
“Even people who are color-blind will still be able to make out the colors.”
So you can identify for yourself which areas are at high prices, where you should consider taking profits and putting the Buy button away.
For ZEC,
let’s see if it retests the lower boundary at 1188, then take it from there.
On the 1D timeframe, a retest of the upper boundary at 1560 is very unlikely.
1W — take-profit signal; put the Buy button away.
A peak zone is forming, and has been forming.
Now’s the time to draw Fibonacci levels to estimate where the price might turn.
My tool:
The higher the price goes, the more purple it becomes.
Use the two boundary lines as references.
When the price moves outside the reference range (overbought), it will eventually return inside (similar to Bollinger Bands).
In an uptrend: with each correction, if the price hasn’t touched the lower boundary, the upward momentum is still intact.
Price touches the lower boundary — the uptrend breaks — a signal to exit.
Volume gradually declines during an uptrend (divergence) — confirming a deep purple peak zone.
Here’s another example with VIC, or any other ticker.
“Even people who are color-blind will still be able to make out the colors.”
So you can identify for yourself which areas are at high prices, where you should consider taking profits and putting the Buy button away.
For ZEC,
let’s see if it retests the lower boundary at 1188, then take it from there.
On the 1D timeframe, a retest of the upper boundary at 1560 is very unlikely.
1W — take-profit signal; put the Buy button away.
A peak zone is forming, and has been forming.
Now’s the time to draw Fibonacci levels to estimate where the price might turn.
My tool:
The higher the price goes, the more purple it becomes.
Use the two boundary lines as references.
When the price moves outside the reference range (overbought), it will eventually return inside (similar to Bollinger Bands).
In an uptrend: with each correction, if the price hasn’t touched the lower boundary, the upward momentum is still intact.
Price touches the lower boundary — the uptrend breaks — a signal to exit.
Volume gradually declines during an uptrend (divergence) — confirming a deep purple peak zone.
Here’s another example with VIC, or any other ticker.