$ZEC
took 1,247. Now it's testing 1,279.
Last time, 1,247 was the level that decided this bounce. ZEC broke through it. It's now at 1,283, up more than 15% off the 1,113 low, and it has won back about 63% of the entire dump.
Right now price is sitting on 1,279, the 0.618 level, and it's only a few points above it. This candle hasn't closed yet. A 4h close above 1,279 confirms it, and a close back under puts it right back in the chop.
My call: ZEC holds above 1,279 and goes for 1,324 next, 3% away. That's the top of the old support zone, so sellers show up there. Clear it and the full retrace to 1,382 is in play, about 7.7% from here.
The floor broke, the dump got bought, and the bounce is now eating through every level in its path. 1,324 decides whether this was a bounce or a reversal.
Does ZEC hit 1,382 or stall at 1,324? Drop your target below 👇
#ZEC #Zcash #CryptoAnalysis
like and follow for more.
took 1,247. Now it's testing 1,279.
Last time, 1,247 was the level that decided this bounce. ZEC broke through it. It's now at 1,283, up more than 15% off the 1,113 low, and it has won back about 63% of the entire dump.
Right now price is sitting on 1,279, the 0.618 level, and it's only a few points above it. This candle hasn't closed yet. A 4h close above 1,279 confirms it, and a close back under puts it right back in the chop.
My call: ZEC holds above 1,279 and goes for 1,324 next, 3% away. That's the top of the old support zone, so sellers show up there. Clear it and the full retrace to 1,382 is in play, about 7.7% from here.
The floor broke, the dump got bought, and the bounce is now eating through every level in its path. 1,324 decides whether this was a bounce or a reversal.
Does ZEC hit 1,382 or stall at 1,324? Drop your target below 👇
#ZEC #Zcash #CryptoAnalysis
like and follow for more.