$ZEC
Technical Analysis: ZECUSDT
In this technical model on a 30-minute timeframe for the ZECUSDT pair, a symmetrical triangle is clearly forming after an upward movement. This type of triangle is considered a neutral pattern, meaning the direction of the breakout determines the upcoming path.
🔍 What is a symmetrical triangle?
It consists of a descending resistance line and an ascending support line that gradually meet.
It reflects a contraction in momentum and prepares for a strong movement.
It does not predefine the direction but depends on the breakout point.
📈 Potential Scenarios:
Breakout Up (Continuation): If the upper side is breached with strong trading volume, it supports the continuation of the upward trend.
Breakout Down (Reversal): If the lower side is broken, this could be the start of a reversal towards the downside.
🧠 Supporting Signals:
The presence of signals like CHoCH and BoS indicates close monitoring for a potential change in price structure.
Support areas at 439.15 and 435.43 are important for determining the reaction in case of a decline.
📌 Trading Recommendations:
Do not enter before confirming the breakout.
Monitor trading volume and time after the breakout.
Prepare two scenarios: one for upward movement and another for downward movement, with clear entry and exit points.
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