#zec
The price is currently trading above the pivot point (455.42) and is undergoing a healthy consolidation after a previous strong upward wave (which pushed the price to 469.68). The strength index at 57.20 shows strong buying momentum with enough room for further upward movement without reaching overbought conditions.
The market maker is strongly defending the pivot level (455.42) currently. The goal is to test the recent peak (469.68) and break through the upper limit (465.54) to continue the momentum.
"Excellent" buy recommendation (pivot point rebound)
Trade: Buy ZEC - Excellent entry (middle limit rebound): upon touching 455.42 (middle limit/pivot point)
Stop loss: 451.00 (break below the pivot point)
Market maker's target: accumulation and push towards nearby resistance
First target: 465.54 (upper limit)
Second target: 469.68 (the last visible peak)
"Safe" buy recommendation (following momentum after fluctuations)
Trade: Buy ZEC - Safe entry (confirmation of return to peak): stability above 465.54 (break through upper limit)
Stop loss: 457.55 (return below the current price)
Market maker's target: confirmation of bullish control and entering a new wave
First target: 472.00 (psychological resistance)
