$ZEC 🚀 ZEC/USDT (Zcash): Reversal or temporary rebound? 📊
On the daily chart, ZEC shows a confident rebound from the local bottom of 1,075.00 USDT, adding more than +11% and trading around 1,228.81 USDT.
Let's analyze the main factors "PROS" and "CONS" of further growth:
🟢 "FOR" factors (Bullish signals):
Rebound from key support: The level of 1,075 USDT worked perfectly, buyers actively bought back the strait.
Breakdown MA(7): The price was fixed above the short-term moving average (1,211.75 USDT).
Healthy RSI: The indicator is in the neutral zone (RSI(6) = 47.69), the coin has an excellent power reserve up to the overbought zone.
Global trend: Long-term MA(99) at 901.51 USDT is looking up, maintaining a global bullish structure.
🔴 Factors "AGAINST" (Risks):
Main resistance MA(25): At the level of 1,360.49 USDT, there is a medium-term resistance line. As long as we are below it, the growth looks like a corrective rebound.
Weak volumes: Purchase volumes are still moderate and inferior to average values (MA(5) = 155K).
📍 Key levels:
Resistance: 1,360 USDT (MA(25)) ➔ 1,513 USDT ➔ 1,698 USDT
Support: 1,075 USDT ➔ 900-865 USDT (MA(99))
Local initiative for bulls, but the only confirmation of a full-fledged reversal will be the closing of the daily candle above 1 360 USDT.
On the daily chart, ZEC shows a confident rebound from the local bottom of 1,075.00 USDT, adding more than +11% and trading around 1,228.81 USDT.
Let's analyze the main factors "PROS" and "CONS" of further growth:
🟢 "FOR" factors (Bullish signals):
Rebound from key support: The level of 1,075 USDT worked perfectly, buyers actively bought back the strait.
Breakdown MA(7): The price was fixed above the short-term moving average (1,211.75 USDT).
Healthy RSI: The indicator is in the neutral zone (RSI(6) = 47.69), the coin has an excellent power reserve up to the overbought zone.
Global trend: Long-term MA(99) at 901.51 USDT is looking up, maintaining a global bullish structure.
🔴 Factors "AGAINST" (Risks):
Main resistance MA(25): At the level of 1,360.49 USDT, there is a medium-term resistance line. As long as we are below it, the growth looks like a corrective rebound.
Weak volumes: Purchase volumes are still moderate and inferior to average values (MA(5) = 155K).
📍 Key levels:
Resistance: 1,360 USDT (MA(25)) ➔ 1,513 USDT ➔ 1,698 USDT
Support: 1,075 USDT ➔ 900-865 USDT (MA(99))
Local initiative for bulls, but the only confirmation of a full-fledged reversal will be the closing of the daily candle above 1 360 USDT.