Zcash is trading around 1,250.95 on the 4H timeframe after bouncing off the ascending trendline near 1,120, now pushing back up toward the range high at 1,280 that has capped price since early September.
The broader structure here is a powerful trend that began near 504.50 in late August, with the ascending trendline holding every single pullback along the way as price more than doubled in under a month. Since early September, that advance has slowed into a consolidation between roughly 1,120 and 1,280, with the trendline continuing to rise underneath and now intersecting directly with the lower boundary of this range. This convergence is turning the trendline into the primary support for the entire structure rather than just a secondary confirmation level.
Price recently dipped into the 1,120 area, tagging the trendline almost perfectly before reversing sharply higher, and is now back near the top of the range testing 1,280 for what would be several attempts at this level.
Key Levels To Watch:
→ 1,360 Psychological level, next target on a breakout
→ 1,280 Range high, repeated resistance since early September
→ 1,250 Current price, approaching range highs
→ 1,120 Range low, trendline confluence support
→ 840 Prior consolidation zone, deeper support
→ 504 Trendline origin, late August low
A break and hold above 1,280 confirms the range is resolving to the upside, with 1,360 as the next target and continuation likely given how cleanly the trendline has held throughout this entire move.
Rejection from 1,280 keeps price rotating inside the range, with the trendline near 1,120 remaining the level to watch, and a breakdown below it opening a deeper retracement toward the 840 zone.
Hold the trendline and ZEC continues building toward a breakout above range highs. Lose it and this consolidation turns into a deeper pullback.
Bias stays bullish given the strength and consistency of the trendline throughout this rally, but the reaction at 1,280 is the level that confirms the next leg.
The broader structure here is a powerful trend that began near 504.50 in late August, with the ascending trendline holding every single pullback along the way as price more than doubled in under a month. Since early September, that advance has slowed into a consolidation between roughly 1,120 and 1,280, with the trendline continuing to rise underneath and now intersecting directly with the lower boundary of this range. This convergence is turning the trendline into the primary support for the entire structure rather than just a secondary confirmation level.
Price recently dipped into the 1,120 area, tagging the trendline almost perfectly before reversing sharply higher, and is now back near the top of the range testing 1,280 for what would be several attempts at this level.
Key Levels To Watch:
→ 1,360 Psychological level, next target on a breakout
→ 1,280 Range high, repeated resistance since early September
→ 1,250 Current price, approaching range highs
→ 1,120 Range low, trendline confluence support
→ 840 Prior consolidation zone, deeper support
→ 504 Trendline origin, late August low
A break and hold above 1,280 confirms the range is resolving to the upside, with 1,360 as the next target and continuation likely given how cleanly the trendline has held throughout this entire move.
Rejection from 1,280 keeps price rotating inside the range, with the trendline near 1,120 remaining the level to watch, and a breakdown below it opening a deeper retracement toward the 840 zone.
Hold the trendline and ZEC continues building toward a breakout above range highs. Lose it and this consolidation turns into a deeper pullback.
Bias stays bullish given the strength and consistency of the trendline throughout this rally, but the reaction at 1,280 is the level that confirms the next leg.
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.