$ZEC is approaching an important support area.
After pushing toward the $1,700 region, price has been moving through a healthy correction and is now trading around $1,305. The first zone I’m watching is around $1,350–$1,400, but if that area fails to hold, the stronger support zone sits around $1,100–$1,250.
This is the area where I’d want to see buyers step back in and price build a solid reaction.
If that support holds, the chart still has room for another move toward $1,450, with the higher targets around $1,600+ coming into focus afterward. #zec
After pushing toward the $1,700 region, price has been moving through a healthy correction and is now trading around $1,305. The first zone I’m watching is around $1,350–$1,400, but if that area fails to hold, the stronger support zone sits around $1,100–$1,250.
This is the area where I’d want to see buyers step back in and price build a solid reaction.
If that support holds, the chart still has room for another move toward $1,450, with the higher targets around $1,600+ coming into focus afterward. #zec
