$ZEC
📊 Technical update for the ZEC/USDT pair
The ZEC/USDT pair recorded a strong 13.24% rise after breaking out of a long consolidation range, reaching elevated levels near the recent peak at 1,176.95.
🟢 Resistance
- 1,176.95: immediate resistance and current high.
- 1,185.63: next resistance.
- 1,200.00: important psychological level.
🔴 Support
- 1,109.25: nearest support.
- 1,084.04: crucial support aligned with the SuperTrend indicator.
- 1,071.05: previous breakout zone.
📈 Indicators
- RSI(6): 93.63, in a very high overbought zone.
- MACD: DIF at 23.48 and DEA at 15.76, with positive momentum continuing.
- Price: rose from the 1,003.35 low in a strong and accelerating upward wave.
🎯 Expected scenario
🟢 A break above 1,176.95 could drive the price toward 1,185.63 and then 1,200.00.
🔴 A correction could send the price back to 1,109.25 and then 1,084.04, and breaking below the latter could push it toward 1,071.05.
⚖️ Conclusion
The current trend is strongly bullish, but the RSI reaching 93.63 puts the price in a high-risk zone. The 1,084.04 level is the most important technical level to watch.
#ZECHitsANewAllTimeHigh
📊 Technical update for the ZEC/USDT pair
The ZEC/USDT pair recorded a strong 13.24% rise after breaking out of a long consolidation range, reaching elevated levels near the recent peak at 1,176.95.
🟢 Resistance
- 1,176.95: immediate resistance and current high.
- 1,185.63: next resistance.
- 1,200.00: important psychological level.
🔴 Support
- 1,109.25: nearest support.
- 1,084.04: crucial support aligned with the SuperTrend indicator.
- 1,071.05: previous breakout zone.
📈 Indicators
- RSI(6): 93.63, in a very high overbought zone.
- MACD: DIF at 23.48 and DEA at 15.76, with positive momentum continuing.
- Price: rose from the 1,003.35 low in a strong and accelerating upward wave.
🎯 Expected scenario
🟢 A break above 1,176.95 could drive the price toward 1,185.63 and then 1,200.00.
🔴 A correction could send the price back to 1,109.25 and then 1,084.04, and breaking below the latter could push it toward 1,071.05.
⚖️ Conclusion
The current trend is strongly bullish, but the RSI reaching 93.63 puts the price in a high-risk zone. The 1,084.04 level is the most important technical level to watch.
#ZECHitsANewAllTimeHigh