$ZEC is around $1,140, after a very strong rally and a pullback from the ~$1,290 area.
Trend: đą Bullish overall, but short-term consolidation/correction.
Key levels
đą Support 1: $1,100â$1,120
đą Support 2: $1,050â$1,080
đĄ Major support: ~$1,000
đŽ Resistance 1: $1,160â$1,200
đŽ Resistance 2: $1,250â$1,280
đ Breakout zone: $1,280â$1,300
Current technical sources broadly agree that $1,050â$1,100 is the important downside area, while reclaiming $1,200+ would strengthen the bullish setup.
Bullish scenario: Hold above ~$1,100 â reclaim $1,200 â possible retest of $1,250â$1,300.
Bearish scenario: Lose ~$1,050 â $1,000 becomes the next major level; a sustained break below $1,000 would weaken the broader structure.
My bias: đą Bullish above $1,100, but very volatile. The cleanest confirmation would be a sustained move back above#FedRateWatch
Trend: đą Bullish overall, but short-term consolidation/correction.
Key levels
đą Support 1: $1,100â$1,120
đą Support 2: $1,050â$1,080
đĄ Major support: ~$1,000
đŽ Resistance 1: $1,160â$1,200
đŽ Resistance 2: $1,250â$1,280
đ Breakout zone: $1,280â$1,300
Current technical sources broadly agree that $1,050â$1,100 is the important downside area, while reclaiming $1,200+ would strengthen the bullish setup.
Bullish scenario: Hold above ~$1,100 â reclaim $1,200 â possible retest of $1,250â$1,300.
Bearish scenario: Lose ~$1,050 â $1,000 becomes the next major level; a sustained break below $1,000 would weaken the broader structure.
My bias: đą Bullish above $1,100, but very volatile. The cleanest confirmation would be a sustained move back above#FedRateWatch
