$ZEC 🚀 IS ZEC preparing for a breakdown again? We're analysing the setup for today!
The bulls on Zcash have beautifully bought back the drawdown and confidently hold the sliding MA(7) in the region of $1,530. Now the price is pressing to $1,560+ - it looks like a classic accumulation of strength before the next impulse.
What about the technique:
Main goal: $1,680 (local peak). If we break through this level at good volumes, a straight road opens to $1,720–$1,750+.
Indicators: RSI about 63-66. The impulse is powerful, but there is no rigid overbought yet, so the power reserve up remains.
Defence zone (support): $1,480 - $1,530. While the price is trading above this shelf, the bullish trend is in full force.
💡 Thought: It's a great time to follow the push-up to the resistance - the long on the breakdown or the reaction from $1,530 look very tasty.
The bulls on Zcash have beautifully bought back the drawdown and confidently hold the sliding MA(7) in the region of $1,530. Now the price is pressing to $1,560+ - it looks like a classic accumulation of strength before the next impulse.
What about the technique:
Main goal: $1,680 (local peak). If we break through this level at good volumes, a straight road opens to $1,720–$1,750+.
Indicators: RSI about 63-66. The impulse is powerful, but there is no rigid overbought yet, so the power reserve up remains.
Defence zone (support): $1,480 - $1,530. While the price is trading above this shelf, the bullish trend is in full force.
💡 Thought: It's a great time to follow the push-up to the resistance - the long on the breakdown or the reaction from $1,530 look very tasty.
