ZEC Technical Analysis Shows a Potential Reversal IF This Support Holds

SUMMARY

Since February of 2017, ZEC has been traveling within a broadening pattern and thus far, waves A,B,C and D seem complete with E still remaining to go. Usually, these patterns with one more remaining wave can help identify the next overall market tops since once the remaining wave is placed, a sizale decline can be expected and this decline can be translated into the Cryptosphere.

Subwaves cound as a ZigZag with 5,3,5 subwaves for A,B, C. The bottom blue support line has been pierced and thus far could be a candidate for a bull flag. This support line needs to hold. Let's see if price can pick itself off the floor and start impulsing upwards.

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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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