💎 ZEC has undoubtedly captured our attention. Currently positioned in the demand zone, ZEC exhibits signs of a bullish rejection, suggesting a potential rebound to challenge the supply area once more. For a confirmed upward trajectory, ZEC must breach the supply zone. Successfully doing so, particularly with closing above, could indicate a strong likelihood of continued ascent toward the supply and Bearish OB zones.
💎 Reflecting on past movements, ZEC has shown resilience, bouncing off the demand zone but facing rejection near the supply area, leading to a price pullback and a retest of the demand zone for renewed momentum.
💎 However, there's a precarious aspect to consider. If ZEC falters and fails to maintain its stance in the current demand zone, it might breach the demand boundary, sliding down to the support zone. Here, it's imperative for ZEC to rally, reclaiming the demand zone to set the stage for another attempt at breaking through the supply.
💎 Conversely, a less favorable scenario unfolds if ZEC succumbs to the pressure and relinquishes the support zone. Such a development could set the stage for a further descent, propelling ZEC toward the critical support area, signaling a bearish undertone for its market trajectory.
💎 Reflecting on past movements, ZEC has shown resilience, bouncing off the demand zone but facing rejection near the supply area, leading to a price pullback and a retest of the demand zone for renewed momentum.
💎 However, there's a precarious aspect to consider. If ZEC falters and fails to maintain its stance in the current demand zone, it might breach the demand boundary, sliding down to the support zone. Here, it's imperative for ZEC to rally, reclaiming the demand zone to set the stage for another attempt at breaking through the supply.
💎 Conversely, a less favorable scenario unfolds if ZEC succumbs to the pressure and relinquishes the support zone. Such a development could set the stage for a further descent, propelling ZEC toward the critical support area, signaling a bearish undertone for its market trajectory.
Trade closed: target reached
Boom! #ZEC is doing just what we said. Up 16.85% and looking good!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.