ZEC from the larger cycle weekly level still remains bearish; this time, a W-shaped pattern has been formed from the daily chart bottom. It has now rebounded and broken through the W's upper horizontal line, with the price reaching the 370 area. Above the green line and even in the 50 zone, there is a massive accumulation of trapped positions; given the current market environment, it is difficult for external funds to be willing to take on positions at such high levels. Therefore, the most likely scenario is a brief rally to touch the green line and then fall back, consolidating and then declining further to find support below.



The above content only represents personal opinions and does not constitute any investment advice. The market carries risks; invest cautiously.
ZEC0,46%
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