An honest Analysis update 📊
$ZEC /USDT is finally showing a relief after testing a recent low around $801.52, trading near $912.25. While the short-term 7 EMA is holding support, the price is still sitting comfortably below the key 25 and 99 EMAs, this is showing that major downtrend still active. The order cover shows a slightly bullish sentiment with 52.18% bids, but caution is advised. A strong breakout and consolidation above the $950-$960 resistance zone is necessary before calling a lasting reversal. It's a time to trade and manage your risk.
$ZEC
#USPPIMissMayEaseBTCPressure #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months
$ZEC /USDT is finally showing a relief after testing a recent low around $801.52, trading near $912.25. While the short-term 7 EMA is holding support, the price is still sitting comfortably below the key 25 and 99 EMAs, this is showing that major downtrend still active. The order cover shows a slightly bullish sentiment with 52.18% bids, but caution is advised. A strong breakout and consolidation above the $950-$960 resistance zone is necessary before calling a lasting reversal. It's a time to trade and manage your risk.
$ZEC
#USPPIMissMayEaseBTCPressure #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months
