Logarithm. Time frame is 3 days. Linear for clarity. Secondary trend that formed a descending wedge (bullish potential). This is all down -94% from last cycle's highs of $369.18 Halving (second one in history) will approximately be 17 11 2024. The chart for orientation to key resistance areas has shown the percentages that are very likely to be reached in 2024 (pardon my French).
Simplifying the complex is the key to success. Simplifying the simple is a guarantee of misconceptions and mistakes. The key to good work of a trader is knowledge and experience, which always leads to simplification of actions, not to complication !!!!.
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“Taking out” long stop loss under support horizontal accumulation channel to dynamic support zone of the huge pump channel (main trend), to the $17 zone. The reversal from it. Now about +30%
Now a potential breaking zone of downward wedge resistance and bearish trend. Two important zones for the price of this true cryptocurrency:
1) is 1 month before the BTC halving and 1 month later.
2) The time, most likely a very significant pump, is the time before the 2 halving of this ANONYMOUS cryptocurrency ZEC, which to please the regulator all large centralized exchanges want to get rid of at the moment.
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ZEC / USD meanwhile, zecash det against the market, made the support slippage zones $17 already +169% From the channel support $22.74 +101.8%. This is a significant local profit. If you trade locally, protect it. Globally, it does not matter. Remember the ZEC halving in October.