🚀🔥 ZEC IS FLYING! Zcash Just Scored a 11.6% Win—Is $500 the Next Stop? 📈💥
Zcash (ZEC) is roaring, currently at $393.43 after an 11.61% rally! Bulls crushed the MA(7) and MA(25) but now face the critical $400 psychological barrier. Momentum is extreme, but failure to conquer this ceiling will mean a hard rejection. This is the setup!
📊 Technical Outlook: Full Short-Term Bull
ZEC has flipped its short-term trend, though long-term resistance looms large.
MAs: Price is above MA(7) at 364.81 (Support) and MA(25) at 348.67. Major resistance is the MA(99) at 492.34.
MACD (Super-Signal): Strong bullish cross confirmed and expanding.
DIF: -9.32
DEA: -19.14
Histogram: 9.82 (Strong positive conviction).
Key Action: Decisive close above 400 confirms the next leg up.
📈 Trade Setup: Confirmed Long Awaits $400 Break
Bias is for a Long position only after final confirmation.
🚀 Entry Zone (Long): Confirmed 4H close above $400.00 – $405.00.
🎯 Target 1 (TP1): 435.00
🎯 Target 2 (TP2): $490.00 – 500.00 (Challenging the MA(99)).
🛑 Stop-Loss (SL): Sustained 4H close below 360.00 (Below the MA(7) support).
The critical condition for ZEC is breaking 400.00. Success validates the push to 490. Failure here means a likely re-test of 365.
💡 Tip
Trade Confirmation: Wait for a solid, full-bodied 4H candle close above 400 before entering Long.
