I’ve been seeing a lot of hype around $ZEC lately… but this time, the chart might actually be backing it up.
$ZEC is up 16.13%, trading around $970, after breaking strongly higher from the $800–$850 area.
The structure is looking strong:
MA7: $951
MA25: $917
MA99: $854
Price is holding above all three moving averages, while volume expanded heavily during the breakout.
The big level now is $980–$1,000. A clean break above that zone could open the door to further upside.
But after such a sharp move, a retest of $947–$951 wouldn’t be surprising.
$1,000 is the level everyone is watching now.
#zec #trading
$ZEC is up 16.13%, trading around $970, after breaking strongly higher from the $800–$850 area.
The structure is looking strong:
MA7: $951
MA25: $917
MA99: $854
Price is holding above all three moving averages, while volume expanded heavily during the breakout.
The big level now is $980–$1,000. A clean break above that zone could open the door to further upside.
But after such a sharp move, a retest of $947–$951 wouldn’t be surprising.
$1,000 is the level everyone is watching now.
#zec #trading
