$ZEC
So far still ranging and failing to break above $1,370.
Five rejections at this pivot over the past month, which makes it the most prominent level on the chart for bulls to clear.
That said, we simply have to form a higher low and protect the mid-range to prevent a reversion towards the range lows.
As long as that’s achieved, ZEC is forming a higher low on the HTF and remains on track for a breakout.
However, if we lose $1,240, we’d complete a local-range double top and likely revisit the lower-range liquidity around $1,100.
Pretty clear by now that a break above $1,370 is the macro trade to take.
So far still ranging and failing to break above $1,370.
Five rejections at this pivot over the past month, which makes it the most prominent level on the chart for bulls to clear.
That said, we simply have to form a higher low and protect the mid-range to prevent a reversion towards the range lows.
As long as that’s achieved, ZEC is forming a higher low on the HTF and remains on track for a breakout.
However, if we lose $1,240, we’d complete a local-range double top and likely revisit the lower-range liquidity around $1,100.
Pretty clear by now that a break above $1,370 is the macro trade to take.
