Support and Resistance Zone: 42.19-44.57

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(ZECUSDT 1D chart)

The key is whether the price can be maintained above the M-Signal indicator on the 1M chart.

To do that, we need to see if we can get support around 42.19-44.57.

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If the price is maintained above the M-Signal indicator on the 1M chart,
1st: 49.89
2nd: 70.62-73.20
We need to respond depending on whether there is support around the 1st and 2nd above.

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If it goes down, you should check for support around 32.27-33.18.

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If the price stays above the M-Signal indicator on the 1M chart, it is likely to continue to rise in the medium to long term, so the movement from the current position is important.

Therefore, if you want to trade ZEC, you should focus on the current movement.

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Thank you for reading to the end.
I hope you have a successful trade.

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- This is an explanation of the big picture.

I used TradingView's INDEX chart to check the entire range of BTC.

I rewrote the previous chart to update it while touching the Fibonacci ratio range of 1.902(101875.70) ~ 2(106275.10).

(Previous BTCUSD 12M chart)

Looking at the big picture, it seems to have been following a pattern since 2015.

In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.

Accordingly, the bull market is expected to continue until 2025.

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(Current BTCUSD 12M chart)

Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15).

It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54).

(BTCUSDT 12M chart)

I think it is around 42283.58 when looking at the BTCUSDT chart.

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I will explain it again with the BTCUSD chart.

The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.

In other words, it seems likely to act as a volume profile range.

Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).

Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section.

To do that, we need to look at whether it can rise with support near 2.618 (134018.28).

If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%.

So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).

I will explain more details when the downtrend starts.

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readCrypto

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