the pullback we flagged just happened
posting the update because this is exactly the level we called out
zec touched 1,595 this week fresh all time run then pulled back hard sitting at 1,479 down 5.27% today
remember what we said after it cleared 1,389 the extension was real and the pullback risk didn't disappear just because paradigm's backing pushed price higher this is that pullback playing out
technical picture right now price still sitting way above its own moving averages 20 ema near 1,077 50 ema near 866 200 ema near 570 the stretch is still massive even after this drop that tells you the correction isn't necessarily done just because it happened once
zoom out on the daily chart and the structure is still intact this is the first real red candle after a vertical month long move not a breakdown of the trend itself
key level now 1,325 to 1,256 that's the prior breakout zone turned support hold that and the bigger trend stays alive lose it with real volume and this opens a deeper retrace back toward 1,150 to 1,200
fundamentals haven't changed nu7 upgrade passed paradigm's still in etf inflows still coming in the pullback is healthy digestion after an extreme move not a reversal of the thesis unless 1,256 actually breaks
$ZEC
posting the update because this is exactly the level we called out
zec touched 1,595 this week fresh all time run then pulled back hard sitting at 1,479 down 5.27% today
remember what we said after it cleared 1,389 the extension was real and the pullback risk didn't disappear just because paradigm's backing pushed price higher this is that pullback playing out
technical picture right now price still sitting way above its own moving averages 20 ema near 1,077 50 ema near 866 200 ema near 570 the stretch is still massive even after this drop that tells you the correction isn't necessarily done just because it happened once
zoom out on the daily chart and the structure is still intact this is the first real red candle after a vertical month long move not a breakdown of the trend itself
key level now 1,325 to 1,256 that's the prior breakout zone turned support hold that and the bigger trend stays alive lose it with real volume and this opens a deeper retrace back toward 1,150 to 1,200
fundamentals haven't changed nu7 upgrade passed paradigm's still in etf inflows still coming in the pullback is healthy digestion after an extreme move not a reversal of the thesis unless 1,256 actually breaks
$ZEC
