$ZEC | Triangle Compression – April Decision Likely
The current structure shows ZEC trading within a symmetrical or ascending triangle pattern, suggesting ongoing compression rather than an imminent breakout. The most probable path is extended range-bound consolidation, with a decisive directional move likely delayed until April as volatility compresses further.
Key Levels Inside the Triangle:
· Upper Trendline (Resistance): Gradually descending, capping rallies.
· Lower Trendline (Support): Rising or horizontal, providing buying interest.
· Current Reaction Zone: If consolidation breaks, watch for a false breakout/breakdown followed by a reversal into the range.
Trading Implications:
· Short-term: Fade range extremes—sell near upper trendline, buy near lower trendline.
· Medium-term: Wait for a confirmed break with volume outside the triangle before committing to a trend.
· Patience Required: This is a time-accumulation pattern; forcing a trade early increases risk.
April Catalyst Watch:
· Bitcoin halving sentiment.
· Broader crypto market momentum.
· Any ZEC-specific developments (upgrades, partnerships).
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