ZECUSDT 1h · Quasimodo · short
WAITING FOR A RETURN TO QMLOpen · updated 06.10 19:00 UTC · forecast for ZECUSDTQML (entry zone)Tap the markers for explanations · time in UTC · delta and CVD below
Timeline
- Liquidity formed: local high 1,667.5 (left shoulder)
- Structural low 1,646 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1,682 confirmed
- CHoCH: close below the structural low 1646.0. Quasimodo confirmed
Why this setup was found
First the market formed a local high 1,667.5 (left shoulder). Stop orders piled up above it, that is, liquidity.
Then price took that liquidity: the head reached 1,682, which is 14.450 (0.67 ATR) above the left shoulder.
Then price closed below the previous structural low 1,646 (close 1,606.4). This is a bearish CHoCH: a change of market character.
The left shoulder zone (1,664.4–1,667.5) became the QML level: price often returns here before continuing the move.
Structure on 4h: bullish (against this idea).
On the break candle aggressive sellers dominated (58% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.
Confirmations and contradictions
Liquidity takenConfirmation
Change of character (CHoCH)Confirmation
QML not touched yetConfirmation
4h: structure is bullishAgainst
Delta confirms the breakConfirmation
CVD divergence at the headConfirmation
Absorption at QMLUnknown
Footprint (from trades)Unknown