$ZEC
ZECUSDT
Perp
460.98
+9.63%
😱 How are those who chased the high yesterday? Zec is under dual pressure from the daily middle track and the previous neckline (Figure 1). Last night saw a rapid drop, the power of the strong weekly top split is still significant.
According to the Chande theory technical analysis, zec experienced a 30-minute top divergence, which is likely to trigger a four-hour downward move, and in the afternoon we are just waiting for a 30-minute rebound to go short. (Figure 2)
Veterans are waiting for shorts, while newbies are still dreaming of a breakout…
Which side are you on? Let me know in the comments!