Zcash is holding up with notable relative strength around 1288.8 today as the market digests the NU7 upgrade. Despite noise around the event, the structure shows resilient demand on the lower timeframes.
Looking at the chart alongside research from CrowdWisdomTrading, here are the main levels defining the setup:
• First upside objective sits at 1302.8
• Extended continuation targets 1333.78
• Key support rests at 1241.21
• Below the second stop at 1220.0 the setup is invalid
As long as the tape holds above 1241.21, the bias leans toward continuation into overhead liquidity. A clean break below 1220.0 breaks market structure and kills the idea.
$ZEC #CryptoTrading #Altcoins
Educational research, not personal advice. You place the trade. Not a trading instruction. DYOR.
Looking at the chart alongside research from CrowdWisdomTrading, here are the main levels defining the setup:
• First upside objective sits at 1302.8
• Extended continuation targets 1333.78
• Key support rests at 1241.21
• Below the second stop at 1220.0 the setup is invalid
As long as the tape holds above 1241.21, the bias leans toward continuation into overhead liquidity. A clean break below 1220.0 breaks market structure and kills the idea.
$ZEC #CryptoTrading #Altcoins
Educational research, not personal advice. You place the trade. Not a trading instruction. DYOR.