The daily RSI has made a first higher bottom when ZEC bounced off the falling wedge bottom on the 17th of September.
For now the RSI as well as the MACD are still confirming the wedge range, but the 1.618 fibonacci level below is may provide a decent launch pad for a break out that is due as we near the end of the wedge pattern.
The target of the smaller wedge would total nearly a 100% increase, but the orange horizontal supports will provide profit taking targets on the way.
For now the RSI as well as the MACD are still confirming the wedge range, but the 1.618 fibonacci level below is may provide a decent launch pad for a break out that is due as we near the end of the wedge pattern.
The target of the smaller wedge would total nearly a 100% increase, but the orange horizontal supports will provide profit taking targets on the way.