ZEC Forming C&H Out of FW
Falling wedge is playing out into a cup and handle pattern. Volume is increasing as well.
I expect to see a test of the neckline with a fall to the overall 0.382 fib level which is around the 0.5 move from the bottom of the cup. The cup fell perfectly to the 0.618 measured fib level from the last leg up and also formed an RSI continuation div. This seems very bullish from here. Ultimately the C&H target is within the same range as the Falling Wedge target around .032.
I expect to see a test of the neckline with a fall to the overall 0.382 fib level which is around the 0.5 move from the bottom of the cup. The cup fell perfectly to the 0.618 measured fib level from the last leg up and also formed an RSI continuation div. This seems very bullish from here. Ultimately the C&H target is within the same range as the Falling Wedge target around .032.
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