$ZEC is sitting 0.1% above yesterday's high at $1,334.79, and I think that old ceiling is the new floor.
it's down 15.89% on the week but still up 30.52% on the month, and against BTC it's +23.3 points over 30 days. that reads as a pullback inside a bigger move, not a collapse.
the part I like: volume over the last 5 days is 0.47x the 20 days before. the dip is just drifting. daily RSI is 51, nowhere near overheated. the screener scored it 8 out of 14, so a decent setup, not a screamer.
$ZEC trades at $1,335 right now, with a 24h range of $1,283 to $1,346. if it holds $1,334.79, I think it walks up to the daily EMA20 at $1,373.94, about 2.9% above. if it loses $1,334.79, I'm wrong on this and there's nothing to defend. anyone long would be staring at that $1,283 day low.
holding $1,334.79 or losing it?
follow me for more calls like this.
it's down 15.89% on the week but still up 30.52% on the month, and against BTC it's +23.3 points over 30 days. that reads as a pullback inside a bigger move, not a collapse.
the part I like: volume over the last 5 days is 0.47x the 20 days before. the dip is just drifting. daily RSI is 51, nowhere near overheated. the screener scored it 8 out of 14, so a decent setup, not a screamer.
$ZEC trades at $1,335 right now, with a 24h range of $1,283 to $1,346. if it holds $1,334.79, I think it walks up to the daily EMA20 at $1,373.94, about 2.9% above. if it loses $1,334.79, I'm wrong on this and there's nothing to defend. anyone long would be staring at that $1,283 day low.
holding $1,334.79 or losing it?
follow me for more calls like this.
