$ZEC Update
Still respecting the macro lower-high roadmap — and that matters more than anything here.
Price is pressing into the 320 overhead, but it’s doing so from underneath a descending trendline and still below the 200 SMA. That’s not strength, that’s resistance stacking up. Every push higher has been corrective, not impulsive.$ZEC
Unless bulls can cleanly break and hold above 320 with real expansion, this is more likely just another lower high forming. Structure still favors downside continuation. $ZEC
Lose support from this area and rotation back into the 200–230 range becomes the higher probability path. From there, continuation lower wouldn’t be surprising.
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