⚠️ Coin $ZEC breaks the diagonal support line and is preparing for a sharp downwave
🔴 Technical direction: a clear bearish break of the green diagonal support line, trading below the fast moving average, with a strong bearish candle close,
📍 Monitoring zone: 830.00 – 840.00
🎯 Corrective price targets:
• Target 1: 786.72
• Target 2: 767.90
• Target 3: 746.86
❌ Invalidate the scenario: a 4-hour candle close above 855.00
💡 Technical rationale: Price action on the 4-hour timeframe shows a clear dominance of sell liquidity by breaking the green support direction line, along with a decline in the momentum indicator, bearish bias taking control, and the oscillator stabilizing in negative territory despite the current reading value.
$ZEC
$ZEC
🔴 Technical direction: a clear bearish break of the green diagonal support line, trading below the fast moving average, with a strong bearish candle close,
📍 Monitoring zone: 830.00 – 840.00
🎯 Corrective price targets:
• Target 1: 786.72
• Target 2: 767.90
• Target 3: 746.86
❌ Invalidate the scenario: a 4-hour candle close above 855.00
💡 Technical rationale: Price action on the 4-hour timeframe shows a clear dominance of sell liquidity by breaking the green support direction line, along with a decline in the momentum indicator, bearish bias taking control, and the oscillator stabilizing in negative territory despite the current reading value.
$ZEC
$ZEC
