$ZEC
Are we in a reversal ? or are we coiling up for the next big move ?
Zec has three levels stacked at one price. That's the wall.
ZEC is at 1,135 after falling about 37% from 1,700 to 1,075. The low held again, and price is now 8% off it.
Now look at what sits just above. The 0.236 fib at 1,222, the descending trendline from the 1,700 high, and a horizontal line at 1,229 all land in the same spot, about 5% from here. That's why the last push up stalled around there and rolled over.
My lean is up, but only after a 4h close above 1,229. That clears all three at once. Then 1,314 (the 0.382, about 13% up) is next, and 1,387 after that.
Until that close, it's a range. If it fails here again, 1,075 is about 7% below.
Sellers know where the wall is, and so do buyers. The patient side gets the cleaner entry.
What's your trigger level on ZEC? 👇
#ZEC #Zcash #CryptoAnalysis
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Are we in a reversal ? or are we coiling up for the next big move ?
Zec has three levels stacked at one price. That's the wall.
ZEC is at 1,135 after falling about 37% from 1,700 to 1,075. The low held again, and price is now 8% off it.
Now look at what sits just above. The 0.236 fib at 1,222, the descending trendline from the 1,700 high, and a horizontal line at 1,229 all land in the same spot, about 5% from here. That's why the last push up stalled around there and rolled over.
My lean is up, but only after a 4h close above 1,229. That clears all three at once. Then 1,314 (the 0.382, about 13% up) is next, and 1,387 after that.
Until that close, it's a range. If it fails here again, 1,075 is about 7% below.
Sellers know where the wall is, and so do buyers. The patient side gets the cleaner entry.
What's your trigger level on ZEC? 👇
#ZEC #Zcash #CryptoAnalysis
like and follow for more