Whole market got dragged down this evening and $ZEC went with it for about an hour. Wicked all the way to 1213 on the heaviest hourly volume in days.
But look at what happened after. Bought straight back to 1285 while most alts are still sitting on their lows. Barely red on the day honestly.
For me 1238 is the line now, that shelf caught it twice this week. Next real test is 1300, it rejected there at the start of the dump. Hourly close over 1300 and the 1335 top is back in play.
An hourly close back under 1238 and this bounce was just a dead cat, 1210 comes next.
But look at what happened after. Bought straight back to 1285 while most alts are still sitting on their lows. Barely red on the day honestly.
For me 1238 is the line now, that shelf caught it twice this week. Next real test is 1300, it rejected there at the start of the dump. Hourly close over 1300 and the 1335 top is back in play.
An hourly close back under 1238 and this bounce was just a dead cat, 1210 comes next.
