The $ZEC structure remains fairly straightforward right now.
So far, the move is tracking the November playbook surprisingly well. We saw a strong push into the $700 area, followed by a sharp correction back into the $300s, and now a recovery rally heading straight back into major resistance.
The key difference is what happens next.
At the moment, price is struggling at the exact same zone that capped the rally last year. The $540 area has once again become the line in the sand, and it’s not a coincidence that momentum is slowing down there.
As long as $ZEC continues getting rejected around this level, the November fractal remains valid and the broader correction likely isn’t finished yet.
So far, the move is tracking the November playbook surprisingly well. We saw a strong push into the $700 area, followed by a sharp correction back into the $300s, and now a recovery rally heading straight back into major resistance.
The key difference is what happens next.
At the moment, price is struggling at the exact same zone that capped the rally last year. The $540 area has once again become the line in the sand, and it’s not a coincidence that momentum is slowing down there.
As long as $ZEC continues getting rejected around this level, the November fractal remains valid and the broader correction likely isn’t finished yet.
