$ZEC at $1335.13* - This is the story of the week
Why did it drop? ZEC is the baseline privacy coin; it’s been strong for privacy coins in September due to regulatory legislation news.
Technical analysis at $1335.13
- *The big trend is still up:* Price is above the EMA 50 at $1121 by +24% and above the EMA 200 at $679 by +105%
- *But the short-term trend is broken:*
- Breaking below the EMA 20 at $1393.72 for the first time since August — the 20 EMA flipped from support to resistance
- RSI at 53.46 fell by 10 points and is now below the 66.50 signal — getting close to 50
- The last candle $1355 - $1489 and closed below the 20 EMA
*Levels:*
- Resistance: $1393 (20 EMA), then $1430 - $1450, then $1480 - $1520
- Support: $1355 (session low), then $1304 - $1300 (strong), then $1250
- Today’s outlook: $1430 as the target with a range $1355-$1450
- Weekly outlook: $1480 with support at $1300 and resistance at $1520
- October outlook: $1560 with a range $1250-$1650
Summary at $1335.13
You’re buying a healthy correction after a historical rally. The $1335 zone is excellent if the larger trend continues.
- If you already hold: set a stop below $1300 - $1280; if it holds back above $1393 again, it should quickly return to $1480
- If you’re entering: $1335 entry split; add if it returns to $1300; your targets are $1430 then $1560. Good risk/reward
The coin is volatile by 6.17% high (6x Bitcoin), so use a small position size
$ZEC
#Write2Earn #SECHaltsCryptoETFReviewsAmidFundingLapse #Crypto_Jobs🎯 #ETHETFS #CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI
Why did it drop? ZEC is the baseline privacy coin; it’s been strong for privacy coins in September due to regulatory legislation news.
Technical analysis at $1335.13
- *The big trend is still up:* Price is above the EMA 50 at $1121 by +24% and above the EMA 200 at $679 by +105%
- *But the short-term trend is broken:*
- Breaking below the EMA 20 at $1393.72 for the first time since August — the 20 EMA flipped from support to resistance
- RSI at 53.46 fell by 10 points and is now below the 66.50 signal — getting close to 50
- The last candle $1355 - $1489 and closed below the 20 EMA
*Levels:*
- Resistance: $1393 (20 EMA), then $1430 - $1450, then $1480 - $1520
- Support: $1355 (session low), then $1304 - $1300 (strong), then $1250
- Today’s outlook: $1430 as the target with a range $1355-$1450
- Weekly outlook: $1480 with support at $1300 and resistance at $1520
- October outlook: $1560 with a range $1250-$1650
Summary at $1335.13
You’re buying a healthy correction after a historical rally. The $1335 zone is excellent if the larger trend continues.
- If you already hold: set a stop below $1300 - $1280; if it holds back above $1393 again, it should quickly return to $1480
- If you’re entering: $1335 entry split; add if it returns to $1300; your targets are $1430 then $1560. Good risk/reward
The coin is volatile by 6.17% high (6x Bitcoin), so use a small position size
$ZEC
#Write2Earn #SECHaltsCryptoETFReviewsAmidFundingLapse #Crypto_Jobs🎯 #ETHETFS #CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI