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ZECUSDT 4H

ZECUSDT 4H

ZEC needs to breach 48.8 to break this accumulating triangle figure, it has now crossed the median of the Keltner channel and the cloudiness of the Ichimoku Cloud and is about to find its resistance at MM200 at 45.6. The RSI has exhausted its buying forces, and the ZEc could pull back to 41.8. The prognosis is good, since this privacy coin, from the top (on May 10, 2021) until today, corrected -88%, i.e. it is super undervalued.

Here are the supports and resistances in the 4H:
Main support levels: 41.8 / 39.7
Main Resistance Levels: 46.7 / 48.8

RSI: Exhaustion of Buying Forces.
MM200: In the region of 45.6

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Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.

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