#ZEC Price Discovery Is Just Getting Started
$ZEC is now effectively entering price discovery, with the initial two candles aside, there’s very little overhead structure left to slow the move down.
I wouldn’t expect this to calm down anytime soon. Momentum is clearly strong, but after a move this aggressive, a deeper correction can still happen before the next major leg.
If we get a correction in November back toward the previous ATH around $800, that’s the area where I’d start watching for a potential swing position.
If the broader cycle stays strong and BTC is pushing into new ATHs, ZEC could potentially enter a much more parabolic phase. A $5K+ top isn't impossible in that kind of environment, but it would require a major continuation of the current momentum.
For now, price discovery remains the main story.
$ZEC is now effectively entering price discovery, with the initial two candles aside, there’s very little overhead structure left to slow the move down.
I wouldn’t expect this to calm down anytime soon. Momentum is clearly strong, but after a move this aggressive, a deeper correction can still happen before the next major leg.
If we get a correction in November back toward the previous ATH around $800, that’s the area where I’d start watching for a potential swing position.
If the broader cycle stays strong and BTC is pushing into new ATHs, ZEC could potentially enter a much more parabolic phase. A $5K+ top isn't impossible in that kind of environment, but it would require a major continuation of the current momentum.
For now, price discovery remains the main story.
