#ZECUSDT
On the 4-hour timeframe: earlier, price was pulled up strongly from around 1100 all the way to above 1600. Recently, however, it has entered a very clear high-level, wide-range consolidation zone—roughly 1470–1625.
So, at this point we still can’t say that a medium-term downtrend has already begun.
Most importantly: 1470–1500 has not yet been broken down decisively on a 4-hour basis.
What it looks more like now is:
High-level consolidation / a shakeout after a big rally.
The following indicators are crucial:
1600–1625. Upper resistance
1540–1560. Current pivot (center)
Around 1500. First key support
1470–1480. The 4-hour structural lifeline
Around 1360. The next major target zone after a true breakdown of 1470
On the 4-hour timeframe: earlier, price was pulled up strongly from around 1100 all the way to above 1600. Recently, however, it has entered a very clear high-level, wide-range consolidation zone—roughly 1470–1625.
So, at this point we still can’t say that a medium-term downtrend has already begun.
Most importantly: 1470–1500 has not yet been broken down decisively on a 4-hour basis.
What it looks more like now is:
High-level consolidation / a shakeout after a big rally.
The following indicators are crucial:
1600–1625. Upper resistance
1540–1560. Current pivot (center)
Around 1500. First key support
1470–1480. The 4-hour structural lifeline
Around 1360. The next major target zone after a true breakdown of 1470