$ZEC gave back the whole pump honestly.
Last night it ran from 1270 to almost 1400 in 3 hours and then the 1 AM flush took it straight to 1207. Wicked 1180 at 5 AM, bounced, but every bounce since is a lower high. 1290, then 1277, now 1261 got sold too.
Price around 1233 and sitting under both 1H EMAs, they are rolling over near 1255 and 1265.
For me 1210 is the line. Lose that on an hourly close and the 1180 wick gets tested again, below it theres not much till 1150.
Hourly close back over 1265 and I stop being bearish, then 1320 is the next real resistance
Last night it ran from 1270 to almost 1400 in 3 hours and then the 1 AM flush took it straight to 1207. Wicked 1180 at 5 AM, bounced, but every bounce since is a lower high. 1290, then 1277, now 1261 got sold too.
Price around 1233 and sitting under both 1H EMAs, they are rolling over near 1255 and 1265.
For me 1210 is the line. Lose that on an hourly close and the 1180 wick gets tested again, below it theres not much till 1150.
Hourly close back over 1265 and I stop being bearish, then 1320 is the next real resistance
