$ZEC | BREAKOUT OR TEMPORARY SPIKE?
đ $ZEC broke above its recent hourly range. But is the breakout convincing?
The latest completed 1H candle closed at $1,240.40, above the previous 12-hour high of $1,230.39.
Hereâs the catch: volume was only 1.17x its preceding 20-hour average, while the last completed 4H candle closed at $1,218.71.
Holding above $1,230 would support the recovery case. Falling back below $1,218 would weaken it.
One strong candle is interesting. Higher-timeframe confirmation matters more.
Would you trust this breakout yet? đ
$ZEC #zcash #TechnicalAnalysis #CryptoMarket
đ $ZEC broke above its recent hourly range. But is the breakout convincing?
The latest completed 1H candle closed at $1,240.40, above the previous 12-hour high of $1,230.39.
Hereâs the catch: volume was only 1.17x its preceding 20-hour average, while the last completed 4H candle closed at $1,218.71.
Holding above $1,230 would support the recovery case. Falling back below $1,218 would weaken it.
One strong candle is interesting. Higher-timeframe confirmation matters more.
Would you trust this breakout yet? đ
$ZEC #zcash #TechnicalAnalysis #CryptoMarket