$ZEC
AI Analysis: $ZEC/USDT
Entry Price: 343–346
Target Price:
- TP1: 335
- TP2: 328
- TP3: 320
Stop Loss Price: Above 353
Selling Reasons:
1. Pattern Confirmation:
- Daily level forms a "double top" reversal structure (neckline at 335), top depth 18 (335-353)
- Measured drop = top depth × 1.618 = 29 → Target Price 3 = 353-29 = 324 (actual integer taken is 320)
2. Trend Structure:
- Weekly level breaks the 2024 upward trend line (320→328 connection), price drops below MA(50) 345
- RSI(14)=32 (weak zone), MACD death cross after green bars expand, bearish dominance signal clear
3. Market Sentiment:
- 343–346 area shows a "false breakout - rapid pullback" inducement combination
- Continuous 3-day closing price below 346 (previous high support + Fibonacci 61.8% retracement level)
4. Indicator Verification:
- OBV indicator hits a new 20-day low, funds continue to flow out
- Funding rate -0.225% (negative for 7 consecutive days), futures open interest declines 35%
- On-chain data: exchange net flow +220,000 coins, whale holdings decrease by 42%
This content is for reference only and should not be considered as investment advice.