ZEC remains in a strong bullish trend and continues to show signs of further upside momentum.
The market structure on the higher timeframes is still clearly bullish, with buyers maintaining control after the recent impulsive move upward.
However, there is a minor supply zone ahead that could temporarily slow down the rally and trigger a pullback.
If that happens, we may see price retrace toward the 560 dollar area, which could become an important zone to watch for bullish confirmation and renewed buying pressure.
As long as the overall bullish structure remains intact, this pullback could provide a healthier continuation setup for the next upward leg.
After completing the correction, price may resume its bullish move toward the higher timeframe supply zone between 660 and 750 dollars.
For now, we are patiently waiting for price action and confirmation around the 560 area before considering new buy positions targeting higher prices.
The market structure on the higher timeframes is still clearly bullish, with buyers maintaining control after the recent impulsive move upward.
However, there is a minor supply zone ahead that could temporarily slow down the rally and trigger a pullback.
If that happens, we may see price retrace toward the 560 dollar area, which could become an important zone to watch for bullish confirmation and renewed buying pressure.
As long as the overall bullish structure remains intact, this pullback could provide a healthier continuation setup for the next upward leg.
After completing the correction, price may resume its bullish move toward the higher timeframe supply zone between 660 and 750 dollars.
For now, we are patiently waiting for price action and confirmation around the 560 area before considering new buy positions targeting higher prices.
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.