$ZEC — A word of caution here.
On the 1H chart, a potential rising wedge is forming directly beneath the $900 ATH.
That doesn’t automatically mean a breakdown is coming, but it does suggest some caution. Volume is fading as price pushes higher, while RSI remains healthy around 62, so the bullish structure is still intact.
For me, $ZEC $900 is the key level.
A strong breakout above $900 with expanding volume would invalidate the wedge concern and potentially open the door to price discovery.
If the lower wedge support breaks first, I’d be watching for a deeper retracement toward the upper rail of the macro support structure — which could actually be a healthy retest.
Not a prediction. Just a risk level worth watching.
On the 1H chart, a potential rising wedge is forming directly beneath the $900 ATH.
That doesn’t automatically mean a breakdown is coming, but it does suggest some caution. Volume is fading as price pushes higher, while RSI remains healthy around 62, so the bullish structure is still intact.
For me, $ZEC $900 is the key level.
A strong breakout above $900 with expanding volume would invalidate the wedge concern and potentially open the door to price discovery.
If the lower wedge support breaks first, I’d be watching for a deeper retracement toward the upper rail of the macro support structure — which could actually be a healthy retest.
Not a prediction. Just a risk level worth watching.
