$ZEN Last Leg of Correction Before Next Price Run Up

in #bitcoin7 years ago

Zencash is entering the last stages of a Wave 4 correction while forming a bull flag. It has one last run up before it starts a very much needed correction period before it begins another nice long run up. Below is the chart detailing the first 4 waves and where the last wave will potentially go. You will see the forming of the flag and a potential retracement path for the correction. The yellow support line is where we will be looking for it to stay above and potential places to cast ladders to buy back in.

As always this is not financial advice and should not be taken as such. You should follow your own instincts and do as you see best for your position. I will be looking to ladder out around .00550000 and laddering back in around .00420000, but will be placing a stop loss after my buy as to not lose any profits already made.

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