๐Will ZEC trader ride it to $480 and beyond? $ZEC
ZEC
410.77
-4.13%
Trading Insight_Research
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ZCash rally called coordinated. Will ZEC trader ride it to $480 and beyond?
$ZEC has surged 30.8% from $312.8 to $409.2 since it listing. While critic call this a coordinated price surge, for trader, where there volatility, there opportunity.
๐น The price structure on the daily chart remains bullish. The imbalance zone at $395-$425 has been filled, opening up the possibility of further gain.
๐น Conversely, momentum indicator show weak demand. CMF is at -0.25 clear selling pressure and MFI is below 50 low money inflow, warning that the bullish foundation is not yet solid.
๐ธ Despite the negative daily indicator, the 1H chart show good capital inflow.
The current time is considered good to open a Long position.Place just below the short term demand zone of $382. If the price break below this level $380, the bullish scenario will be invalidated.The immediate target is $480. If momentum is maintained, ZEC could aim for $550 and $610.
The market is currently divided between a bullish price structure and weak underlying money flow. A breakout above $425 would confirm the uptrend, while a loss of $382 would trigger a sell off towards $330.
Do you think this uptrend is driven by real demand or just a staged price manipulation?
Follow Trading Insight_Research for further updates. News and information are for reference only, not investment advice. Please read carefully before making a decision.
๐น The price structure on the daily chart remains bullish. The imbalance zone at $395-$425 has been filled, opening up the possibility of further gain.
๐น Conversely, momentum indicator show weak demand. CMF is at -0.25 clear selling pressure and MFI is below 50 low money inflow, warning that the bullish foundation is not yet solid.
๐ธ Despite the negative daily indicator, the 1H chart show good capital inflow.
The current time is considered good to open a Long position.Place just below the short term demand zone of $382. If the price break below this level $380, the bullish scenario will be invalidated.The immediate target is $480. If momentum is maintained, ZEC could aim for $550 and $610.
The market is currently divided between a bullish price structure and weak underlying money flow. A breakout above $425 would confirm the uptrend, while a loss of $382 would trigger a sell off towards $330.
Do you think this uptrend is driven by real demand or just a staged price manipulation?
Follow Trading Insight_Research for further updates. News and information are for reference only, not investment advice. Please read carefully before making a decision.
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