$ZEC : I remain VERY macro bullish.
I’ve simply extended the micro ascending triangle from yesterday after the recent pullback. The interesting part is what could develop heading into the CPI print on Friday, September 11.
After such a strong breakout, ZEC could still sweep lower into the $760–$694 liquidity pocket, retesting the previous range high and the upper rail of the macro ascending triangle it just broke above. Daily RSI is still elevated and could use a deeper reset.
That wouldn’t make me bearish — quite the opposite.
A flush into that zone could grab liquidity, reset conditions and turn former resistance into support. If CPI provides a positive catalyst, that could set up another move toward $887–$900.
If we see a sharp sweep into the green zone followed by a reclaim, I’ll treat it as a potential liquidity grab rather than a breakdown.
Don’t let short-term volatility distract you from the bigger picture.
My macro thesis on $ZEC remains extremely bullish.
I’ve simply extended the micro ascending triangle from yesterday after the recent pullback. The interesting part is what could develop heading into the CPI print on Friday, September 11.
After such a strong breakout, ZEC could still sweep lower into the $760–$694 liquidity pocket, retesting the previous range high and the upper rail of the macro ascending triangle it just broke above. Daily RSI is still elevated and could use a deeper reset.
That wouldn’t make me bearish — quite the opposite.
A flush into that zone could grab liquidity, reset conditions and turn former resistance into support. If CPI provides a positive catalyst, that could set up another move toward $887–$900.
If we see a sharp sweep into the green zone followed by a reclaim, I’ll treat it as a potential liquidity grab rather than a breakdown.
Don’t let short-term volatility distract you from the bigger picture.
My macro thesis on $ZEC remains extremely bullish.
