Watching $ZEC closely as it tests its resolve above key moving averages
As long as $ZEC stays above its SMA7 and SMA25, it looks poised to make a run towards its resistance at 589.18, given its current chart structure and trend alignment
SMA7 above SMA25, price holding above both SMAs, last candle bearish but overall trend remains bullish
A daily close under 451.75 would invalidate this long setup and suggest a retest of lower supports
Are you looking to add to your $ZEC position on this dip or waiting for a clearer breakout
As long as $ZEC stays above its SMA7 and SMA25, it looks poised to make a run towards its resistance at 589.18, given its current chart structure and trend alignment
SMA7 above SMA25, price holding above both SMAs, last candle bearish but overall trend remains bullish
A daily close under 451.75 would invalidate this long setup and suggest a retest of lower supports
Are you looking to add to your $ZEC position on this dip or waiting for a clearer breakout