ZEC 470 strong resistance level difficult to surpass, bulls powerless to turn the tide, bearish reversal!
Currently, the area above 470 for ZEC is the 'ceiling' that is difficult to surpass. As long as this line of defense is not broken, bulls will struggle to make progress. Since there is no strength to break through, ZEC is likely to turn downwards and begin a correction.
You can consider shorting around 460 and near 470. The target is to see 435 break and continue down to 425
