$ZEC Fibonacci extensions align perfectly with the price zones where ZEC reacted
1.0: pauses to consolidate
1.618: a slight correction, then resumes its uptrend
2.618: forms a top
Now there are some questions to consider and find answers to:
Can it reach 3.618?
If so, the next question is: what would it go up there for?
Will it retest the peak?
It’s possible, but highly unlikely. ZEC has already attracted attention and told its story. The hack confirmed the end of the uptrend. Most altcoins have a parabolic rise that ends in a sharp peak.
Right now, Mr. Market is shifting his attention to other coins. The altcoin story continues.
If you’re stuck holding bags, where should you exit?
How should you short at this price?
What are the chances of catching the next altcoin wave with other coins?
1.0: pauses to consolidate
1.618: a slight correction, then resumes its uptrend
2.618: forms a top
Now there are some questions to consider and find answers to:
Can it reach 3.618?
If so, the next question is: what would it go up there for?
Will it retest the peak?
It’s possible, but highly unlikely. ZEC has already attracted attention and told its story. The hack confirmed the end of the uptrend. Most altcoins have a parabolic rise that ends in a sharp peak.
Right now, Mr. Market is shifting his attention to other coins. The altcoin story continues.
If you’re stuck holding bags, where should you exit?
How should you short at this price?
What are the chances of catching the next altcoin wave with other coins?