Brothers, I really can't stand it anymore! Recently, there have been a bunch of people in my comment section crazily spamming 'ZEC is going to 700, pushing for 1000'... What time is it now? Is it useful to just rely on faith to shout orders? When we invest, we can't just dream; we need to let technology speak. Today, I'm putting aside my emotions and using the most objective charts to show you the real situation of ZEC. By the way, let's also talk about what we should really focus on in such a volatile and declining market—like the value logic of 'stability' and 'credibility' represented by @usddio.
1. Moving Average System: Bearish arrangement, the rebound is just 'technical recovery'.
Open the candlestick chart, and you can see at a glance: MA7 is firmly below MA20, and MA20 is also below MA50. This is a typical bearish arrangement, indicating that the mid-term downward trend has not changed at all. Recently, the price has bounced to the 450-470 range, being suffocated by the MA50 moving average; this is merely a pullback in the downward trend, don't take it too seriously. Can it break through? Uncertain.
2. MACD Signal: Golden cross below the zero line, strength is questionable
The MACD forms a golden cross below the zero line, which anyone with a discerning eye understands — this is a rebound signal indicating that the downward momentum is temporarily exhausted, and it does not mean that the bulls have arrived. The mid-to-long-term bearish pattern remains unchanged.
3. Key Resistance Area: 500-550 has become a 'mountain pressing down'
Although the price has risen above the middle track of the Bollinger Bands, the upper track is quickly descending, and it is expected to press down to around 500 next week. The 500-550 area, which was previously a critical support level, has now become densely packed with trapped positions. Want to break through? Without increased capital, it's just a pipe dream. This round of weekly rebound is likely to turn back when it hits here.
4. The Most Deadly Issue: Price increase without volume, all 'fake moves'
Look at the transaction volume; it has been continuously shrinking during the rebound these few days. This is a classic case of price increase without volume, showing a divergence between price and volume. What does this indicate? There is hardly any new money coming in; it's all existing funds moving around, or short sellers like me are adding to their positions. The foundation is weak, and the ground is shaking.
Summary and Reflection
ZEC has fallen from a high of 775, and the long-term upward trend has been broken. The current rebound is merely a technical correction in a bear market. Considering the broader environment, if ZEC cannot significantly break through and hold above 500-550, then after this round of rebound, it is very likely to face a new round of major decline. As for operations, the order I placed above 470 yesterday was not executed, so I will continue to patiently wait for opportunities.
In such a market, chasing high volatility and believing in slogans can often lead to injury. In contrast, 'stability' and 'credibility' become particularly precious. This is precisely why we need to pay attention to projects like @usddio. It doesn't tell you stories of getting rich overnight; instead, it focuses solidly on 'stability' and 'credibility' — providing certainty amid volatility and upholding transparency and reliability amid the noise. Investment is ultimately a long-term game, #USDD以稳见信 is not just an empty phrase, but a conscious choice in a treacherous market.
@USDD - Decentralized USD #USDD以稳见信
