Under the bulls, the land burns — $ZEC at the edge!
As expected, $ZEC technically descended to the base of the ascending wedge and found support around $475 on the chart (1h). Its fate is now being decided: if the bulls manage to push the price above $500 and break the upward slant, a return to the range of $550–580 can be expected. This is the best time to like and subscribe — it might get hot ahead.
But the more likely scenario is a bounce without holding above $500 and subsequent break below 475–460. In this case, the way down will open to $400. Funding is still positive, so entering now is risky — the market is ready to shake off extra passengers.
I do not give financial advice. DYOR!
ZECUSDT
Perp.
365.97
-2.04%