#ZECUSDT $ZEC Price Analysis
โข Current Price: 35.88 USDT (+3.28%)
โข Parabolic SAR: Indicates a bullish trend with dots below the price.
โข MACD: Shows slight bullish momentum with MACD crossing above the signal line.
โข RSI (14): 46.15, suggesting a neutral position, neither overbought nor oversold.
โข Stochastic RSI: 40.77, signaling a potential upward move if momentum increases.
โข Support Level: 34.39 USDT (previous low).
โข Resistance Level: 36.83 USDT (recent high).
Trade Suggestions
Bullish Scenario (Long Trade)
โข Entry Zone: 35.50 - 35.80 USDT (on a small dip)
โข Target 1: 36.80 USDT
โข Target 2: 38.00 USDT
โข Stop Loss: 34.80 USDT
โข Probability of hitting SL: ~30%
Reasoning:
The Parabolic SAR indicates an uptrend, and if the price holds above 35.50 USDT, it may test the 36.80 USDT resistance. MACD also suggests slight bullish momentum.
Bearish Scenario (Short Trade)
โข Entry Zone: 36.70 - 37.00 USDT (near resistance)
โข Target 1: 35.50 USDT
โข Target 2: 34.50 USDT
โข Stop Loss: 37.50 USDT
โข Probability of hitting SL: ~35%
Reasoning:
If the price struggles to break 36.80 USDT, it may reverse. RSI and MACD are neutral, meaning the price could easily move in either direction.
Key Risks & Considerations
โข If price breaks 36.80 USDT, the short trade is invalid.
โข Bitcoinโs movement may impact ZEC/USDT significantly.
โข MACD is near neutral, meaning momentum is not strong in either direction.
๐ธ THIS IS MY ANALYSIS ๐ธ
๐ Please do your own research, and if it aligns with your strategy, then consider taking the trade.
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