$ZEC
When I called $ZEC at $1,130, many thought the price would not climb this high. ZEC has now reached $1,275, and $1,350 is less than 6% away.
The 4-hour trend remains bullish. Price is above EMA7, EMA20, and EMA40, and all three averages are moving higher. Buyers are now testing the recent high at $1,278.
Resistance: $1,278 to $1,303
Next target: $1,330 to $1,350
Support: $1,195 to $1,220
Bullish setup weakens below: $1,155
A strong 4-hour close above $1,303 would increase the chance of reaching $1,350 by tomorrow. RSI14 is above 71, so ZEC might pull back briefly before moving higher.
#zecash
When I called $ZEC at $1,130, many thought the price would not climb this high. ZEC has now reached $1,275, and $1,350 is less than 6% away.
The 4-hour trend remains bullish. Price is above EMA7, EMA20, and EMA40, and all three averages are moving higher. Buyers are now testing the recent high at $1,278.
Resistance: $1,278 to $1,303
Next target: $1,330 to $1,350
Support: $1,195 to $1,220
Bullish setup weakens below: $1,155
A strong 4-hour close above $1,303 would increase the chance of reaching $1,350 by tomorrow. RSI14 is above 71, so ZEC might pull back briefly before moving higher.
#zecash