ZEC global channel in 900% increments
On the chart, 1 week TF:
29.7 is the global minimum.
299.1 is the global maximum.
82.8 - mirror level. the upper limit of the last corrective channel, it was from this level that the lows on the downtrend were updated.
50.0 is the mirror level. The lower limit of the correction channel. Channel step 64%.
36.9 - stop level of the downward movement. This level is a support for the channel in which it is flat with a step of 34.34%.
Pay attention - the chart shows two global trendlines! The green club is forming a global uptrend. Red is forming a global downtrend! Here it is important to understand that on the chart there is a global accumulation channel with a step of 900%. Local descending club breakout - a falling wedge is also visible on the chart, the tip of which falls on 04/10/2023. However, I do not rule out the possibility of the formation of a wider accumulation channel - an accumulation phase with local uptrends and locally downtrends.
29.7 is the global minimum.
299.1 is the global maximum.
82.8 - mirror level. the upper limit of the last corrective channel, it was from this level that the lows on the downtrend were updated.
50.0 is the mirror level. The lower limit of the correction channel. Channel step 64%.
36.9 - stop level of the downward movement. This level is a support for the channel in which it is flat with a step of 34.34%.
Pay attention - the chart shows two global trendlines! The green club is forming a global uptrend. Red is forming a global downtrend! Here it is important to understand that on the chart there is a global accumulation channel with a step of 900%. Local descending club breakout - a falling wedge is also visible on the chart, the tip of which falls on 04/10/2023. However, I do not rule out the possibility of the formation of a wider accumulation channel - an accumulation phase with local uptrends and locally downtrends.
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