đ ZEC/USDT: Is Zcash Following the Trendline Setup?
ZEC/USDT is showing an interesting structure on the 1H chart. The trendlines Iâve marked suggest that ZEC may be forming a retest â bounce â pullback â continuation pattern.
At the time of the chart screenshot, ZEC is around $843.30, with the visible 24H range between approximately $805 and $888.
đ What my trendlines are showing
The important area is around $805â810, which has acted as a strong reaction zone on the chart. ZEC has already bounced from this region and returned toward the $840+ area.
My projected path is:
$843 â $860 area â pullback toward $815â830 â potential continuation higher
If buyers maintain control and the price continues making higher lows, the next important challenge would be the $860â888 resistance zone.
A decisive breakout above the recent high around $888 could make the bullish structure much stronger. Recent technical commentary is also watching the $888â$889 area as a confirmation level, with $1,000 viewed as a larger psychological resistance if that breakout succeeds.
đ Bullish scenario
If ZEC respects the rising structure and holds above the $805â810 support area, I would watch for:
$860 â $888 â $900+
A clean 1H close above the previous high would be more convincing than simply touching the level.
đ» Bearish scenario
The setup becomes weaker if ZEC loses the $805â810 zone and starts closing below it.
That would invalidate the particular bullish projection drawn on my chart and could lead to a deeper correction.
â ïž Important
Trendlines are probability tools, not guarantees. The white path on my chart is my personal technical projection, not a guaranteed price prediction. ZEC can break the structure at any time, especially around major resistance.
My key levels:
đą Support: $805â810
đĄ Short-term resistance: $860
đŽ Major resistance: $888â900
đŻ Bullish breakout area: Above $888 with confirmation
What do you think â will ZEC follow this trendline and make another move toward $888+? đ
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