$ZEC 20 The decline in profit from the drop is that the core conclusion is that the downward segment at the 30-minute level is still ongoing, and a trend-like decline characteristic has appeared, with no clear reversal or stop-loss signal yet.
1. Trend Structure
In the chart, the 30-minute level trend started from 390.01 to 476.40, forming a phase high point, then initiating a rapid downward movement, and this downward movement has not formed a bottom confirmation structure, belonging to the 'unfinished downward trend' in Chan theory.
From the division of segments, currently, it is in the downward segment following the upward segment at the 30-minute level, with no central structure of any consolidation or rebound formed, and the downward rhythm has not been interrupted.
2. Divergence and Momentum
The MACD indicator shows DIF=-4.85, DEA=-2.27, MACD=-2.58, with the dual lines continuously diverging downward, and the green bars have not shown signs of contraction, indicating that the downward momentum has not weakened, and there are no rebound conditions triggered by divergence.
During the downward process, the trading volume has not shown significant contraction, and the short-selling pressure is still being released, further confirming the continuity of the downward trend.
3. Key Levels
Resistance Level: The 460-470 range of the previous oscillation platform (below the phase high point of 476.40) is the primary resistance during the rebound; secondly, the pressure level converted from short-term support near 450.
Support Level: The 24h lowest price of 427.33 is the current key support, and if broken, it will further explore the 420-400 range; if this position is maintained, it may attempt a weak rebound forming a bottom confirmation at the 30-minute level.