On a daily tf, ZEN broke above resistance and started to drop. The white box aligns with the 0.5 to 0.618 fib level, while also being a level of former resistance. Hence, I look for price to find support somewhere within the white box and once HH form on a smaller tf, I will long ZEN and target last swing highs first.
Always assuming that BTC will not make a major move.
Always assuming that BTC will not make a major move.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.