#ZEC
The price is moving within a descending channel on the 1-hour timeframe; it has reached the lower boundary and is poised for a rebound, suggesting a potential upward move upon retesting this level.
The Relative Strength Index (RSI) indicates a bearish trend, yet a bullish breakout is likely given that the price has reached "oversold" levels on the 1-hour chart.
An orange trendline supports the likelihood of a bullish rebound.
There is an initial support level at 1450, acting as a preliminary support zone.
A key support zone (marked in green) exists at 1400; the price has bounced from this area multiple times, making it a strong support level.
The price is heading toward the 100-period moving average (a level currently being approached), reinforcing the potential for an upward move.
Entry Price: 1544
Target 1: 1556
Target 2: 1578
Target 3: 1606
Stop Loss: At the green resistance zone.
Remember this simple rule: Capital management.
If you have any questions, please leave a comment.
Thank you.
The price is moving within a descending channel on the 1-hour timeframe; it has reached the lower boundary and is poised for a rebound, suggesting a potential upward move upon retesting this level.
The Relative Strength Index (RSI) indicates a bearish trend, yet a bullish breakout is likely given that the price has reached "oversold" levels on the 1-hour chart.
An orange trendline supports the likelihood of a bullish rebound.
There is an initial support level at 1450, acting as a preliminary support zone.
A key support zone (marked in green) exists at 1400; the price has bounced from this area multiple times, making it a strong support level.
The price is heading toward the 100-period moving average (a level currently being approached), reinforcing the potential for an upward move.
Entry Price: 1544
Target 1: 1556
Target 2: 1578
Target 3: 1606
Stop Loss: At the green resistance zone.
Remember this simple rule: Capital management.
If you have any questions, please leave a comment.
Thank you.
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📍Trade Smart & Stay Protected⭐️
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
