$ZEC started moving from the area I was monitoring closely…
the 0.618 Fibonacci level at 326 was very clear as a potential reversal zone, and the price indeed touched it and started to bounce, now reaching 370.
The indicators are giving me encouraging signals:
– RSI has a bullish divergence
– MACD shows a slowdown in bearish momentum
– and the EMA on the four-hour frame has started to flatten
If we regain the 410–490 areas, the upward movement could easily continue to 650+.
But if we break below 320? The scenario changes and the next station could be 207.
I am following this chart closely, as we may be facing a real turning point.
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ZECUSDT
Perp
386.59
+8.28%