$ZEC: Breaks Out of Falling Wedge Pattern: Targets Set Higher
LONG SETUP ZEC
Entry: $1210.00 - $1225.00
Stop Loss: $1168.80
Take Profit: $1314.90 (2R)
Key Levels: Support $1203.74 | Resistance $1226.25
Technical Analysis for $ZEC: MACD line sits above its signal with a positive histogram, while the stochastic is just above its trigger line. RSI is near 45, indicating room to rise. The indicators collectively tilt slightly bullish. Together, these indicators favor LONG continuation toward resistance. Positive momentum and trend readings give this setup a clear bullish structure.
Market Context: BTC shows a bearish 4hour trend and the overall market is broadly negative, with 84% of tickers red and a 1.3% drop
LONG $ZEC
LONG SETUP ZEC
Entry: $1210.00 - $1225.00
Stop Loss: $1168.80
Take Profit: $1314.90 (2R)
Key Levels: Support $1203.74 | Resistance $1226.25
Technical Analysis for $ZEC: MACD line sits above its signal with a positive histogram, while the stochastic is just above its trigger line. RSI is near 45, indicating room to rise. The indicators collectively tilt slightly bullish. Together, these indicators favor LONG continuation toward resistance. Positive momentum and trend readings give this setup a clear bullish structure.
Market Context: BTC shows a bearish 4hour trend and the overall market is broadly negative, with 84% of tickers red and a 1.3% drop
LONG $ZEC