ZEC Hits the 5% Target — Now Comes the Real Test
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Exactly as I expected, Zcash reacted from the key $1,230 area and the Long Liquidation Zone ($1,216-$1,238).
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From there, $ZEC gained 5% and successfully reached my target.
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Now the easy part is over.
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The next major barrier is the Short Liquidation Zone ($1,297-$1,323).
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If buyers break and hold above this area, the rally could extend further.
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But if sellers defend it, I would expect another correction.
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What comes next?
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🟢 Break above $1,323
🔴 Rejection from ($1,297-$1,323)
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#zcash
⠀
Exactly as I expected, Zcash reacted from the key $1,230 area and the Long Liquidation Zone ($1,216-$1,238).
⠀
From there, $ZEC gained 5% and successfully reached my target.
⠀
Now the easy part is over.
⠀
The next major barrier is the Short Liquidation Zone ($1,297-$1,323).
⠀
If buyers break and hold above this area, the rally could extend further.
⠀
But if sellers defend it, I would expect another correction.
⠀
What comes next?
⠀
🟢 Break above $1,323
🔴 Rejection from ($1,297-$1,323)
⠀
#zcash
