$ZEC When it was rising, everyone was a privacy believer; one hard drop and suddenly everyone’s talking fundamentals.
An 11% drop by itself is nothing. The rising trendline that had been tested four times got swallowed whole on 4.1x volume; the 1,180 level that had held up 13 times is now pressing down from above. That’s the real issue.
Right now it’s sitting on the 1,123 floor, which has been tested 14 times before. If it holds, it’ll keep grinding; if it doesn’t, 1,048 is next. This kind of coin shows no mercy on the way down. I’m waiting to see.
An 11% drop by itself is nothing. The rising trendline that had been tested four times got swallowed whole on 4.1x volume; the 1,180 level that had held up 13 times is now pressing down from above. That’s the real issue.
Right now it’s sitting on the 1,123 floor, which has been tested 14 times before. If it holds, it’ll keep grinding; if it doesn’t, 1,048 is next. This kind of coin shows no mercy on the way down. I’m waiting to see.
