Last night I had 1180 as the floor on $ZEC . That floor is long gone
Slow bleed all day then the CPI selloff finished the job. 1150 cracked, 1050 from the October low cracked, and it wicked to 994 before buyers showed up. Sitting around 1028 now
Honestly the bounce off 994 doesnt tell me much yet. Volume on that leg was the biggest in weeks so somebody got flushed
For me 1050 is the line now. Back over it and the October range low gets reclaimed. If 994 goes there is not much on this chart until the 900s
Only a 4h close back above 1118 would make me stop calling this a downtrend
Slow bleed all day then the CPI selloff finished the job. 1150 cracked, 1050 from the October low cracked, and it wicked to 994 before buyers showed up. Sitting around 1028 now
Honestly the bounce off 994 doesnt tell me much yet. Volume on that leg was the biggest in weeks so somebody got flushed
For me 1050 is the line now. Back over it and the October range low gets reclaimed. If 994 goes there is not much on this chart until the 900s
Only a 4h close back above 1118 would make me stop calling this a downtrend
