đš $ZEC NEW SETUP â $1,650 IS THE LAUNCHPAD! đš
ZEC just hit a new all-time high of $1,697.45 đ„ before pulling back to around $1,643â$1,651. The breakout attempt is already underway â now the key is whether it can hold above $1,650 and turn it into support.
đ Key Levels to Watch
đč Immediate Trigger: Sustained break and close above $1,650 â price was rejected here twice this week, but has now briefly broken through.
đč First Target: $1,750 đŻ
đč Extended Targets: $1,884.97 đŻ and $2,400.95 đ
đč Major Support: $1,450 â a break below this would trigger the large buy-side liquidity pool stretching from $1,050 down toward $750.
đč Invalidation: A decisive close below $1,450 invalidates the bullish breakout structure.
â ïž Risk Factors
· Bearish RSI Divergence: Price is making higher highs, but the daily RSI is failing to confirm â a warning sign of fading momentum.
· ETF Inflows Cooled: Grayscaleâs ZCSH saw zero net inflow for three straight days as of Sept 25, down from $98â101M weekly peaks.
· Liquidation Cascade Risk: ~$44.39M in long-liquidation leverage sits below $1,488.
đ Bottom Line
ZEC has already tested $1,650 and pushed to a new ATH of $1,697.45. The next move depends on whether buyers can force a sustained close above $1,650â$1,671 to confirm the breakout toward $1,750. If it fails and closes back below $1,580, the breakout loses strength â but the real structural invalidation is a close below $1,450.
Not financial advice. Always DYOR and manage your risk. đ
$ZEC
#Zcash #Crypto #Altcoins #Trading #Breakout
ZEC just hit a new all-time high of $1,697.45 đ„ before pulling back to around $1,643â$1,651. The breakout attempt is already underway â now the key is whether it can hold above $1,650 and turn it into support.
đ Key Levels to Watch
đč Immediate Trigger: Sustained break and close above $1,650 â price was rejected here twice this week, but has now briefly broken through.
đč First Target: $1,750 đŻ
đč Extended Targets: $1,884.97 đŻ and $2,400.95 đ
đč Major Support: $1,450 â a break below this would trigger the large buy-side liquidity pool stretching from $1,050 down toward $750.
đč Invalidation: A decisive close below $1,450 invalidates the bullish breakout structure.
â ïž Risk Factors
· Bearish RSI Divergence: Price is making higher highs, but the daily RSI is failing to confirm â a warning sign of fading momentum.
· ETF Inflows Cooled: Grayscaleâs ZCSH saw zero net inflow for three straight days as of Sept 25, down from $98â101M weekly peaks.
· Liquidation Cascade Risk: ~$44.39M in long-liquidation leverage sits below $1,488.
đ Bottom Line
ZEC has already tested $1,650 and pushed to a new ATH of $1,697.45. The next move depends on whether buyers can force a sustained close above $1,650â$1,671 to confirm the breakout toward $1,750. If it fails and closes back below $1,580, the breakout loses strength â but the real structural invalidation is a close below $1,450.
Not financial advice. Always DYOR and manage your risk. đ
$ZEC
#Zcash #Crypto #Altcoins #Trading #Breakout