$ZEC
๐ต General Trend: The currency is in a very strong upward trend, after breaking out from a nearby bottom at $184.57 and reaching the current peak around $1,679.83.
๐ด Indicators: The price is trading above all positive moving averages, EMA(7) at $1,145.44 and EMA(25) at $730.94, reflecting strong buying momentum.
๐ Supports and Resistances: The $1,679.83 area is currently acting as the main resistance, while the level $1,145.44 (EMA 7) represents the first nearby support zone.
Current Outlook: The current 7.55% correction is considered a natural profit-taking after the sharp rise, and staying above it supports the continuation of the upward move
#FedOctoberRateHikeOddsRiseTo69.7%
๐ต General Trend: The currency is in a very strong upward trend, after breaking out from a nearby bottom at $184.57 and reaching the current peak around $1,679.83.
๐ด Indicators: The price is trading above all positive moving averages, EMA(7) at $1,145.44 and EMA(25) at $730.94, reflecting strong buying momentum.
๐ Supports and Resistances: The $1,679.83 area is currently acting as the main resistance, while the level $1,145.44 (EMA 7) represents the first nearby support zone.
Current Outlook: The current 7.55% correction is considered a natural profit-taking after the sharp rise, and staying above it supports the continuation of the upward move
#FedOctoberRateHikeOddsRiseTo69.7%
