ZEC price has rebounded after briefly overshooting the lower trendline of the ascending triangle on the 4H and is now consolidating above the $546 level, which marks the neckline of the double top flush. Volatility is resetting following the impulsive down move, while RSI is recovering from oversold.
Resistance established at $605, half-way through the impulse down leg. Volume elevated at trendline reclaim, but lower then during seff-off.
ZEC will likely consolidate in the current zone until BBWP resets to the blue zone before attempting a directional move within the triangle. $560 seems like a good entry for short-term trades with targets near $580–$600 lower-timeframe resistances.
Resistance established at $605, half-way through the impulse down leg. Volume elevated at trendline reclaim, but lower then during seff-off.
ZEC will likely consolidate in the current zone until BBWP resets to the blue zone before attempting a directional move within the triangle. $560 seems like a good entry for short-term trades with targets near $580–$600 lower-timeframe resistances.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.