#ZEC/USDT : extreme volatility, but structure still alive
ZEC had a roller-coaster day: it attacked US$ 1.625, suffered a sharp liquidation down to the region of US$ 1.515–1.523, and then recovered to near US$ 1.560. The drop came alongside significant liquidations of long positions, confirming the violence of the move.
For the next 48h, I see US$ 1.525–1.540 as the decisive support zone. As long as it is defended, ZEC can once again target US$ 1.585–1.600 and, above that, test US$ 1.625. A consistent break above US$ 1.625 would put US$ 1.665–1.680 back on the radar. If it loses US$ 1.525, the risk of a pullback increases toward US$ 1.490–1.460.
Bias: recovery/consolidation, but with very high volatility. The next relevant move depends on reclaiming US$ 1.600 with volume. An analysis published today also highlights closing above US$ 1.600 as an important technical point for the next 48h.
#ZEC #Zcash #Crypto #BinanceSquare #Trading
ZEC had a roller-coaster day: it attacked US$ 1.625, suffered a sharp liquidation down to the region of US$ 1.515–1.523, and then recovered to near US$ 1.560. The drop came alongside significant liquidations of long positions, confirming the violence of the move.
For the next 48h, I see US$ 1.525–1.540 as the decisive support zone. As long as it is defended, ZEC can once again target US$ 1.585–1.600 and, above that, test US$ 1.625. A consistent break above US$ 1.625 would put US$ 1.665–1.680 back on the radar. If it loses US$ 1.525, the risk of a pullback increases toward US$ 1.490–1.460.
Bias: recovery/consolidation, but with very high volatility. The next relevant move depends on reclaiming US$ 1.600 with volume. An analysis published today also highlights closing above US$ 1.600 as an important technical point for the next 48h.
#ZEC #Zcash #Crypto #BinanceSquare #Trading