$ZEC just lost almost 8% on the day and is sitting at 1,139, right on top of its 24h low at 1,133. That's a big drop for a coin that was pushing 1,254 earlier.
On the 4H chart, 1,133 is the line to watch. If it breaks, the 1,075 low from two days ago is the next level that matters. RSI is down around 34 and MACD is still below zero, so sellers have the upper hand for now.
$ZEC
I'd want to see it reclaim 1,254 before calling this a recovery.
$ZEC
Anyone catching this one, or waiting for 1,075?
Not financial advice, just my read.
#zec
On the 4H chart, 1,133 is the line to watch. If it breaks, the 1,075 low from two days ago is the next level that matters. RSI is down around 34 and MACD is still below zero, so sellers have the upper hand for now.
$ZEC
I'd want to see it reclaim 1,254 before calling this a recovery.
$ZEC
Anyone catching this one, or waiting for 1,075?
Not financial advice, just my read.
#zec