After a strong upward wave, $ZEC hit a key resistance zone and received a rejection from it. This pullback is expected to cool down the high indicators and open the way for a return, aiming to break above the ascending trendline to continue the bullish path.
📍 Monitoring zone:
$1238.27 - $1259.57 (current resistance and rebound zone)
🎯 Targets:
Target 1: $1209.68
Target 2: $1196.19
Target 3: $1182.85 (toward the ascending trendline)
🚫 Invalidation of the scenario:
A break of the level $1277.65 and a firm close above it invalidates the bearish pullback and opens the door for a direct upward wave.
📍 Monitoring zone:
$1238.27 - $1259.57 (current resistance and rebound zone)
🎯 Targets:
Target 1: $1209.68
Target 2: $1196.19
Target 3: $1182.85 (toward the ascending trendline)
🚫 Invalidation of the scenario:
A break of the level $1277.65 and a firm close above it invalidates the bearish pullback and opens the door for a direct upward wave.
