1H chart, $ZEC: price 1,291.04, resistance 1,296.45, 0.42% apart — that is less than one 1H ATR, so a test could come within a candle or two.
- Distance: That gap is about 0.3 1H ATRs.
- Tests: Price has run into 1,296.45 two times in the last 20 1H candles.
The trigger is a close above 1,296.45; a poke above and a close back under would be a fakeout.
The benchmark, $BTC, is +2.26% on the day, and $PEPE, +8.04%, is tracking a similar path.
- Distance: That gap is about 0.3 1H ATRs.
- Tests: Price has run into 1,296.45 two times in the last 20 1H candles.
The trigger is a close above 1,296.45; a poke above and a close back under would be a fakeout.
The benchmark, $BTC, is +2.26% on the day, and $PEPE, +8.04%, is tracking a similar path.