ZCASH - At decision point - Going either below 160 or above 300

14 Apr 2021

ZECUSDT - Price is now at the usual termination point of orange wave iii so a small wave iv consolidation could be seen soon.

BUT it's also at the usual termination spot of a Flat wave B !

So, be careful, if price drops and invalidates the impulsive wave, it's best to get out and wait for the potential Flat correction to end, which could be around the noted pink zone.


If on the other hand we don't see a slow down and price cuts through this potential resistance zone, expect it to go for the 1.618 projection level at 1000.