Hidden currents and divergences are moving in sync, and the chart structure for $ZEC is signaling a bearish outlook. The moving-average systems on both the four-hour and one-hour charts are bearishly aligned, with price trading below the medium-term moving averages. The sellers’ momentum remains intact. On the one-hour chart, rebound highs are stepping lower, and volume has failed to pick up. Given this structure, I lean toward following the trend and looking for a pullback.
The four-hour RSI has entered oversold territory, so a short-term rebound could happen at any time. Leave room to maneuver and avoid taking an oversized position. The bearish outlook remains unchanged until price convincingly reclaims the resistance above the key level.
🔴 Trade direction: Short
📍 Entry range: 1039.08 – 1045.50
🛑 Stop loss: 1112.75
🎯 Take profit 1: 989.45
🎯 Take profit 2: 954.22
🎯 Take profit 3: 901.37
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the market’s gains and losses.
#ZEC
Click below to trade 👇
The four-hour RSI has entered oversold territory, so a short-term rebound could happen at any time. Leave room to maneuver and avoid taking an oversized position. The bearish outlook remains unchanged until price convincingly reclaims the resistance above the key level.
🔴 Trade direction: Short
📍 Entry range: 1039.08 – 1045.50
🛑 Stop loss: 1112.75
🎯 Take profit 1: 989.45
🎯 Take profit 2: 954.22
🎯 Take profit 3: 901.37
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the market’s gains and losses.
#ZEC
Click below to trade 👇