云币时代
06/23 11:40
As mentioned in my earlier technical breakdown, the $ZEC crypto is respecting its bearish structure and is acting exactly how I predicted with the downside movement. The important support level at $450-$452 was not able to hold, making a very strong resistance level for buyers to test. Ever since then, sellers have been in control, as prices are printing lower highs and lower lows, indicating bearish momentum on the 1-hour timeframe.
Based on the recent price action, $ZEC may be able to push further down to reach the $391 area, which is the next liquidity level on the chart. Any temporary move up should be considered a relief rally as long as prices do not manage to reclaim the $452-$480 resistance range.
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