$ZEC is printing higher lows and is now one wall away from a breakout.
Daily lows since Oct 18: 1,049, then 1,118 on Oct 24, then 1,212 on Oct 27. Each dip gets bought higher.
Levels I'm watching:
- Resistance: 1,349 to 1,368. Rejected on Oct 12 and Oct 21.
- Price now: 1,323.76, up 8.4% in 24h.
- Support 1: 1,212, yesterday's low.
- Support 2: 1,118 to 1,125, tested four times since Oct 13.
ZEC is the third most traded USDT pair on Binance right now with 164M in 24h volume, behind only BTC and ETH. Funding sits at 0.0029%, below the 0.01% base, so longs are not crowded yet.
A daily close above 1,368 opens room. Another rejection there and 1,212 is the first test.
NFA. Does ZEC close above 1,368 this week, yes or no?
Daily lows since Oct 18: 1,049, then 1,118 on Oct 24, then 1,212 on Oct 27. Each dip gets bought higher.
Levels I'm watching:
- Resistance: 1,349 to 1,368. Rejected on Oct 12 and Oct 21.
- Price now: 1,323.76, up 8.4% in 24h.
- Support 1: 1,212, yesterday's low.
- Support 2: 1,118 to 1,125, tested four times since Oct 13.
ZEC is the third most traded USDT pair on Binance right now with 164M in 24h volume, behind only BTC and ETH. Funding sits at 0.0029%, below the 0.01% base, so longs are not crowded yet.
A daily close above 1,368 opens room. Another rejection there and 1,212 is the first test.
NFA. Does ZEC close above 1,368 this week, yes or no?
