ZEC / USDT – Daily Frame
The ZEC currency has returned from the demand zone we identified earlier and managed to reach the level of 450, which is the first strong resistance against any upward movement. This level is important because directly above it, there is a price gap (FVG), and breaking through it could provide momentum for the movement.
If the price manages to close daily above 455 – 460, the bullish scenario will activate, and the nearest targets will be 500 – 520.
With higher momentum, we may see a visit to the area of 600 – 650.
However, if it fails to break the 450 and falls back below 410, it means that the corrective movement is over and it will return to test the areas of 360 – 380.
