The recent fall of ZEC is quite severe. Once the low point of 424 on November 12 was broken, it accelerated downward directly.
According to Elliott Wave theory, the A wave in this adjustment has not yet bottomed out. I estimate it will need to reach around 200 before stabilizing. At that time, we will see a technical rebound in the B wave, with the rebound potential reaching those previous resistance levels.
To be honest, I closed my short position a bit too early last time, which is a bit of a pity. But there’s no rush; I can wait for the B wave to rebound and then look for opportunities to set up short positions. In this kind of market, patience is more important than anything else.
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GasFeeCrybaby
· 6h ago
200 bucks? Come on, looks like it's heading straight to zero.
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GateUser-26d7f434
· 12-02 13:59
200 bucks? Are you serious, falling this hard?
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BoredStaker
· 12-02 10:51
200 yuan? Wouldn't that just drop to zero? Is there anyone still wanting this coin?
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LiquidationKing
· 12-02 10:43
200 bucks? Damn, that's a direct 50% Slump, this wave of ZEC is really harsh.
It's no big deal if I sell early, I lost money on the last Rebound too, this market really tortures people like this.
Just wait for the B wave, it’s not like I can escape anyway, holding patiently is the way to go.
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WalletWhisperer
· 12-02 10:40
I really want to copy, but I'm a bit scared after this wave.
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DaoGovernanceOfficer
· 12-02 10:30
empirically speaking, elliott wave analysis on zec is giving major confirmation bias vibes. the data doesn't actually support predicting bounces this precisely ngl
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ForkThisDAO
· 12-02 10:29
200 bucks this low? That's a bit harsh, but the wave theory trap still needs to be judged by the trend.
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SignatureLiquidator
· 12-02 10:27
200 bucks? Ha, that must be pretty miserable... But looking at your analysis, it does make some sense, just a bit regretful for not catching the rhythm right.
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CryptoMom
· 12-02 10:27
200 bucks? Damn, that's too harsh, need to buy the dip more.
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If I close early, I close early, anyway, there's still a chance, entering a position during wave B is just right.
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I just want to know if it can really reach 200, feels a bit precarious.
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Is the Elliott Wave theory reliable? Why do I always look at it the wrong way?
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Patience is indeed important, but I don't have patience, haha.
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Waiting for a rebound while also having a short order, this mindset must be quite strong.
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ZEC this coin really, once it breaks a level, it can't stop, it's incredible.
The recent fall of ZEC is quite severe. Once the low point of 424 on November 12 was broken, it accelerated downward directly.
According to Elliott Wave theory, the A wave in this adjustment has not yet bottomed out. I estimate it will need to reach around 200 before stabilizing. At that time, we will see a technical rebound in the B wave, with the rebound potential reaching those previous resistance levels.
To be honest, I closed my short position a bit too early last time, which is a bit of a pity. But there’s no rush; I can wait for the B wave to rebound and then look for opportunities to set up short positions. In this kind of market, patience is more important than anything else.