The Trust Layer for Market Analysts

The analysis focuses on the ZECUSD chart using a 4-day timeframe. It identifies a long-term range-bound movement rather than a sustained uptrend. Despite a recent impressive pump, the analyst asserts that there is no clear sign of a top. The chart is approaching the 2018 high around $810-$820, the chart shows corrective structures. The speaker highlights a three-wave move to the December 2024 high and a three-wave pullback. The move up may be classifiable as a third wave within a diagonal structure. A crucial support zone is identified between $160 and $360. The speaker notes that if the next pullback holds above $160, it could set up for a fifth wave. It identifies a high level of risk. If the price has a pull back to $360, will be necessary to see how this act like support, if it held there it could lead to a fifth wave.