🪙 Analysis $ZEC 💰 Price: 545.1
Analysis of the Current Situation
• On the 15-minute chart, RSI 52.51 indicates a neutral state, and the price above EMA(50) (530.99) suggests a possible upward trend. The volume is slightly below average (0.93x), which may limit movement.
• On the hourly chart, RSI 44.81 indicates room for growth, but MACD shows a negative value, which may be concerning. If the price breaks the level of 556.67, it could open the way for upward movement.
• On the 4-hour chart, RSI 73.28 indicates overbought conditions and a likely correction. EMA(50) is significantly below the current price, reinforcing the bullish trend, but caution is advised.
Thus, we observe a moderate upward movement, but attention should be paid to the overbought level on the 4H. If you decide to open a position, I recommend doing so with caution, as the main wave may occur after the correction.
Coin: $ZEC
Direction: Short🔻
Entry: 545.1
SL: 560.7
TP: 521.8
