Update on $ZEC from Saturday: the 61.8% level broke, and the 78.6% caught the low almost to the dollar.
The run I measured: 1,049.01 (Oct 18) to 1,368.40 (Oct 21).
- 50%: 1,208.7
- 61.8%: 1,171.0
- 78.6%: 1,117.4
Saturday's candle:
- Low 1,118.55, about 1 above the 78.6%
- Close 1,208.00, right back at the 50%
Sunday closed 1,213.76. At writing ZEC is near 1,188, between the 50% and the 61.8%. It also finished last week up 7.33%, the best of the six big coins I track.
The zone that matters now is 1,171 to 1,209. A daily close back above 1,209 makes the 1,368 run high the next reference. Lose 1,171 again and the 1,117 wick likely gets a second test.
NFA.
If 1,171 fails again, do you buy a retest of 1,117 or wait for a close back over 1,209?
$ZEC
The run I measured: 1,049.01 (Oct 18) to 1,368.40 (Oct 21).
- 50%: 1,208.7
- 61.8%: 1,171.0
- 78.6%: 1,117.4
Saturday's candle:
- Low 1,118.55, about 1 above the 78.6%
- Close 1,208.00, right back at the 50%
Sunday closed 1,213.76. At writing ZEC is near 1,188, between the 50% and the 61.8%. It also finished last week up 7.33%, the best of the six big coins I track.
The zone that matters now is 1,171 to 1,209. A daily close back above 1,209 makes the 1,368 run high the next reference. Lose 1,171 again and the 1,117 wick likely gets a second test.
NFA.
If 1,171 fails again, do you buy a retest of 1,117 or wait for a close back over 1,209?
$ZEC
