45 touches. That is how many times ZEC has come back to the same hourly level and not broken it.
Price is 480.49 after a 3.17% down day. The 4h EMA stack has rolled bearish (9<21<50) and 4h RSI sits at 32.39 - but 4h volume printed 2.14x its 20-candle average. That is not quiet drift. Someone was present for the whole move lower.
470.24 is where $ZEC is decided - 45 measured touches on the 1h. Lose 465.97, where the 24h low and the 15m range floor sit together on 31 touches, and that shelf stops being a floor and starts being a ceiling.
The part most people skip: the daily is still stacked bullish, 9>21>50 with RSI at 50.12. This is a 4h breakdown inside a daily uptrend, not a trend change. Those two things deserve different position sizes.
Overhead, 490.34 has been tested 44 times. Nothing is resolved until one of those two levels gives.
$BTC still sets the tone - a 32 RSI privacy name rarely reclaims levels while the majors are heavy.
Which side of 470.24 are you sizing for?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Price is 480.49 after a 3.17% down day. The 4h EMA stack has rolled bearish (9<21<50) and 4h RSI sits at 32.39 - but 4h volume printed 2.14x its 20-candle average. That is not quiet drift. Someone was present for the whole move lower.
470.24 is where $ZEC is decided - 45 measured touches on the 1h. Lose 465.97, where the 24h low and the 15m range floor sit together on 31 touches, and that shelf stops being a floor and starts being a ceiling.
The part most people skip: the daily is still stacked bullish, 9>21>50 with RSI at 50.12. This is a 4h breakdown inside a daily uptrend, not a trend change. Those two things deserve different position sizes.
Overhead, 490.34 has been tested 44 times. Nothing is resolved until one of those two levels gives.
$BTC still sets the tone - a 32 RSI privacy name rarely reclaims levels while the majors are heavy.
Which side of 470.24 are you sizing for?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.