$ZEN is approaching the next expansion phase as the current Elliott structure points toward a potential Wave 5 continuation above the recent $6.067 high.
Entry: $5.10–$5.35
SL: $4.65
TP: $5.94
TP: $6.46
Final TP: $7.29
The 1H chart shows a well-defined bullish wave structure developing from the $3.784 low. After completing Wave 2, price accelerated through Wave 3 while respecting the rising trendline, and the latest move pushed into the $6.067 high.
A pullback toward the $5.10–$5.35 region would align with the projected Wave 4 retracement area and could provide a cleaner continuation entry. If the trendline and $4.65 support remain protected, the next Wave 5 expansion could target $5.94, $6.46 and the major $7.29 extension.
A sustained break below the trendline and $4.65 would weaken the bullish wave setup.
$ZEC
$BEAT
Entry: $5.10–$5.35
SL: $4.65
TP: $5.94
TP: $6.46
Final TP: $7.29
The 1H chart shows a well-defined bullish wave structure developing from the $3.784 low. After completing Wave 2, price accelerated through Wave 3 while respecting the rising trendline, and the latest move pushed into the $6.067 high.
A pullback toward the $5.10–$5.35 region would align with the projected Wave 4 retracement area and could provide a cleaner continuation entry. If the trendline and $4.65 support remain protected, the next Wave 5 expansion could target $5.94, $6.46 and the major $7.29 extension.
A sustained break below the trendline and $4.65 would weaken the bullish wave setup.
$ZEC
$BEAT