$ZEC This seems to show a movement: strong drop → consolidation/stabilization → rise, and this repeats more than once.
But pay attention to an important point: this does not mean that every drop will be followed by a rise.
Currently we have:
Price around 1590$
A nearby peak at 1698$
Today’s low around 1568$
If you hold 1568–1545$ and volume starts coming in, we may see a rebound.
If 1545$ is broken strongly, the probability is that it may go to the 1515–1505$ zone before attempting to rise.
And the best part on the weekly chart is that the bigger trend is still very bullish, but the movement has become violent; so $ZEC is not a calm coin anymore—its drop and rise are happening very fast.
But pay attention to an important point: this does not mean that every drop will be followed by a rise.
Currently we have:
Price around 1590$
A nearby peak at 1698$
Today’s low around 1568$
If you hold 1568–1545$ and volume starts coming in, we may see a rebound.
If 1545$ is broken strongly, the probability is that it may go to the 1515–1505$ zone before attempting to rise.
And the best part on the weekly chart is that the bigger trend is still very bullish, but the movement has become violent; so $ZEC is not a calm coin anymore—its drop and rise are happening very fast.
