The Trust Layer for Market Analysts

The analysis focuses on ZECUSD using Elliott Wave theory to predict a bearish trend. The initial move up from the bottom is considered a five-wave pattern, followed by a three-wave move up. The main concern is the lack of impulsiveness in the current upward movement. The analysis suggests that this rise is not a long-term bullish signal but part of a larger corrective wave. It highlights that breaking below the 160.83 level would invalidate the pattern. The current price target is around 800 with next resistance at that price. The analyst issues a warning as the chart pattern indicates high-risk.