ZECUSDT Poloniex - Still Heading Down In my Opinion
Do not assume I'm implying we are heading down to the price point indicated at the 0.618 FIB RT Price Point on THAT day. Simply drew lines to show where we're going.
I will add another chart shortly with indicators...
I will add another chart shortly with indicators...
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Fair warning on ZECUSDT Polo and ETHUSDT Polo:
I WAS UNSURE WHERE THE 2ND GUN DOWN WAS LOCATED DUE TO THEM BOTH HAVING A VERY ODD TRADING RANGE FOR SUCH A LONG TIME. SO, I'M NOT AS CERTAIN ON CLOSE ENOUGH ENTRY FOR THESE TWO PAIRS AS I WAS FOR REPUSDT FRO EXAMPLE; WHICH WAS MORE CLEAR.
I WAS UNSURE WHERE THE 2ND GUN DOWN WAS LOCATED DUE TO THEM BOTH HAVING A VERY ODD TRADING RANGE FOR SUCH A LONG TIME. SO, I'M NOT AS CERTAIN ON CLOSE ENOUGH ENTRY FOR THESE TWO PAIRS AS I WAS FOR REPUSDT FRO EXAMPLE; WHICH WAS MORE CLEAR.
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I still see plenty of room for downward pressure on ZECUSDT. So, we "might" still get down to my 0.618 FIB RT +/- 2.3% ($366.234 to $349.775)
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moved the red arrow and the price point over more towards the price action:
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Had a typo in that black box. It should have said the following:
$436.536 (+/- 2.3%) = $446.576 to $426.495
$436.536 (+/- 2.3%) = $446.576 to $426.495
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ZECUSDT 4-Day TF:
This is the last day of our current 4-Day candle. Meaning a NEW 4-Day candle begins tomorrow. Which means the indicator will update and the Stochastic RSI should bottom out at 0.0% level. It should not be long afterward that we begin turning upside.
So, I'm expecting a fairly strong spike up sometime between the beginning of the NEW 4-Day Candle on Sunday and the next 4-Day Candle on Thursday.
This is the last day of our current 4-Day candle. Meaning a NEW 4-Day candle begins tomorrow. Which means the indicator will update and the Stochastic RSI should bottom out at 0.0% level. It should not be long afterward that we begin turning upside.
So, I'm expecting a fairly strong spike up sometime between the beginning of the NEW 4-Day Candle on Sunday and the next 4-Day Candle on Thursday.
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The Blue 0.236 FIB at $207 is about as far down as we go in my opinion.
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Approaching $207.72848
15m TF:
15m TF: