ZEC/USDT โ Is a Bigger Move Coming? ๐๐
ZEC is currently trading around $1,220 after bouncing from the $1,112 support zone.
๐ด Resistance Zone: $1,580โ$1,698
๐ข Support Zone: $1,040โ$1,150
On the 4H timeframe, ZEC is still moving inside a descending channel. The recent bounce is worth watching, but the overall structure remains bearish until price confirms a breakout.
๐ Bearish Scenario: If price loses the support zone, further downside could follow.
๐ Bullish Scenario: If support holds and price breaks above the descending trendline with strong confirmation, a larger recovery could be possible.
โ ๏ธ These are possible scenarios, not guaranteed predictions. Iโll wait for confirmation before making a decision.
What do you think? Will ZEC break down or recover from this support zone? ๐
#ZEC #ZECUSDT #CryptoAnalysis๐๐๐ #BinanceSquare #TechnicalAnalysis
ZEC is currently trading around $1,220 after bouncing from the $1,112 support zone.
๐ด Resistance Zone: $1,580โ$1,698
๐ข Support Zone: $1,040โ$1,150
On the 4H timeframe, ZEC is still moving inside a descending channel. The recent bounce is worth watching, but the overall structure remains bearish until price confirms a breakout.
๐ Bearish Scenario: If price loses the support zone, further downside could follow.
๐ Bullish Scenario: If support holds and price breaks above the descending trendline with strong confirmation, a larger recovery could be possible.
โ ๏ธ These are possible scenarios, not guaranteed predictions. Iโll wait for confirmation before making a decision.
What do you think? Will ZEC break down or recover from this support zone? ๐
#ZEC #ZECUSDT #CryptoAnalysis๐๐๐ #BinanceSquare #TechnicalAnalysis