ZEC current price 1459, up 3% over the past 24 hours. After rallying to 1493, it pulled back; the bulls haven’t left yet.
Technically: RSI6=61—bullish but not overbought. Momentum is still there. MACD: the DIF is above the DEA and the red histogram continues, so the trend hasn’t broken. However, the red histogram is starting to shrink; be cautious about chasing. KDJ’s three lines are all in the high zone, with the J line turning downward—there is a short-term need to digest profit-taking.
Key levels: Resistance overhead at 1494-1510—only if it holds above this will there be further upside. Support below at 1435 is the first line—holding it keeps the short-term bullish structure intact. If it loses it, the pullback could deepen. As for the broader market, BTC and ETH have been whipsawing in high ranges, with sentiment splitting. ZEC isn’t very independent; if “big cake” (BTC) pulls back, ZEC is likely to come under pressure too.
Don’t chase. Wait for the pullback and see how it holds support. #ZEC #加密货币 #Technical Analysis
Technically: RSI6=61—bullish but not overbought. Momentum is still there. MACD: the DIF is above the DEA and the red histogram continues, so the trend hasn’t broken. However, the red histogram is starting to shrink; be cautious about chasing. KDJ’s three lines are all in the high zone, with the J line turning downward—there is a short-term need to digest profit-taking.
Key levels: Resistance overhead at 1494-1510—only if it holds above this will there be further upside. Support below at 1435 is the first line—holding it keeps the short-term bullish structure intact. If it loses it, the pullback could deepen. As for the broader market, BTC and ETH have been whipsawing in high ranges, with sentiment splitting. ZEC isn’t very independent; if “big cake” (BTC) pulls back, ZEC is likely to come under pressure too.
Don’t chase. Wait for the pullback and see how it holds support. #ZEC #加密货币 #Technical Analysis