After a nearly +400% move from the lows, I’m more focused on where $ZEC could form a lower high rather than expecting another push to the top.
$ZEC has lost its first daily swing low since the $400s, while the ZEC/BTC pair has also broken support across multiple timeframes.
If $BTC rallies, ZEC could bounce back into the previous $1,420–$1,500 distribution zone before forming a lower high.
From there, another leg down toward the $1,100–$1,200 liquidity zone could follow.
If $BTC loses its range without breaking higher, $ZEC may head there directly without a meaningful bounce. 👀
$ZEC has lost its first daily swing low since the $400s, while the ZEC/BTC pair has also broken support across multiple timeframes.
If $BTC rallies, ZEC could bounce back into the previous $1,420–$1,500 distribution zone before forming a lower high.
From there, another leg down toward the $1,100–$1,200 liquidity zone could follow.
If $BTC loses its range without breaking higher, $ZEC may head there directly without a meaningful bounce. 👀