$ZEC Looks like ZEC is starting to give us an answer.
$ZEC
A few days ago, I was watching how ZEC would handle all that selling pressure. Now, price has pushed above the descending trendline that kept rejecting every recovery attempt.
That’s a pretty interesting shift.
The $1,300 area is where things get important now. If buyers can hold above the breakout zone and turn it into support, I wouldn’t be surprised to see another push toward $1,400–$1,450.
Of course, one breakout doesn’t mean the downtrend is completely over.
But considering how aggressively ZEC was sold recently, the fact that buyers are still showing up makes this recovery worth watching.
The next few 4H candles should tell us a lot.
#Zec #Privacy
$ZEC
A few days ago, I was watching how ZEC would handle all that selling pressure. Now, price has pushed above the descending trendline that kept rejecting every recovery attempt.
That’s a pretty interesting shift.
The $1,300 area is where things get important now. If buyers can hold above the breakout zone and turn it into support, I wouldn’t be surprised to see another push toward $1,400–$1,450.
Of course, one breakout doesn’t mean the downtrend is completely over.
But considering how aggressively ZEC was sold recently, the fact that buyers are still showing up makes this recovery worth watching.
The next few 4H candles should tell us a lot.
#Zec #Privacy