$ZEC at $1,000 next? ๐
$ZEC is looking weak here after getting rejected twice around the $1,650 area. The main uptrend has also broken, and price is struggling to reclaim that trendline.
The pressure is higher with the Zcash ETF recording its first weekly outflow at $93.6M.
Iโm watching the $1,050โ$1,130 zone closely. If that support fails, the next major area is around $770โ$860.
But if $ZEC reclaims the broken trendline with strong momentum, this bearish setup could change quickly.
#ZcashETFPostsFirstWeeklyOutflow93_6M #ZEC #Leo524
$ZEC is looking weak here after getting rejected twice around the $1,650 area. The main uptrend has also broken, and price is struggling to reclaim that trendline.
The pressure is higher with the Zcash ETF recording its first weekly outflow at $93.6M.
Iโm watching the $1,050โ$1,130 zone closely. If that support fails, the next major area is around $770โ$860.
But if $ZEC reclaims the broken trendline with strong momentum, this bearish setup could change quickly.
#ZcashETFPostsFirstWeeklyOutflow93_6M #ZEC #Leo524
