Is this the end of a 3-wave correction?
After the end of the 5-wave upward movement to $ 2.2, the ZRX saw a higher-level correction characterized by a 3-wave downward movement. Currently, the rate has rebounded from the upward trend that was set in March 2020. This is a strong spot from which we should see an increase to the level of around $ 1.6-2.2 which I scored from fibbo level.
When BTC has further increases (ATH breakout), altcoins will follow it and we will also see new higher valuations. The ZRX can then go up to around $ 6.
But more likely is the scenario where after such a strong decline we will see a rebound to around $ 1.7-2 @ where a new downtrend line runs.
When BTC has further increases (ATH breakout), altcoins will follow it and we will also see new higher valuations. The ZRX can then go up to around $ 6.
But more likely is the scenario where after such a strong decline we will see a rebound to around $ 1.7-2 @ where a new downtrend line runs.
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