$ZEC is currently compressing as if the chart is preparing for one sharp move. 👀
On the 4H timeframe, the price is around $1,316, squeezed inside a descending wedge. After the pullback, the sellers keep pushing, but every new move is becoming tighter.
That’s why right now I’m not looking at the pullback itself, but at the upper boundary of this structure.
If $ZEC breaks above the resistance and holds, my next target area is $1,700.
For now, this is just a forecast. But the more the price compresses, the more exciting the breakout moment becomes. 🔥
On the 4H timeframe, the price is around $1,316, squeezed inside a descending wedge. After the pullback, the sellers keep pushing, but every new move is becoming tighter.
That’s why right now I’m not looking at the pullback itself, but at the upper boundary of this structure.
If $ZEC breaks above the resistance and holds, my next target area is $1,700.
For now, this is just a forecast. But the more the price compresses, the more exciting the breakout moment becomes. 🔥