ZEC/USDT Analysis: CHOCH Retest Failed — Next Leg Down Likely
ZEC/USDT has completed a clear Change of Character (CHOCH) from bullish to bearish structure and has already retested the breakdown zone. That retest failed to break back above, confirming seller dominance and opening the door for further downside.
Key Observations:
· ✅ CHOCH Confirmed: Market structure shifted to lower highs and lower lows.
· ✅ Breakdown & Retest: Price broke below Supertrend(10,3) near $502, retested the area as resistance, and was rejected.
· ✅ Current Price Action: Trading at $394.24, well below the retest zone, indicating weakness.
· 📉 Volume: Higher volume on down moves suggests sustained selling interest.
Next Downside Targets:
If ZEC remains below$410, expect a move toward:
1. $373.93 (24h low) — immediate support
2. $350–$340 — next psychological and structural zone
3. $300–$290 — longer-term support if bearish momentum continues
Levels to Watch:
· Resistance: $410 → $430 (former support now resistance)
· Support: $373.93 → $350
· Invalidation: A clean break above $430 would challenge the bearish view.
Trading Takeaway:
The failed retest of the CHOCH breakdown is a classic continuation signal.Until ZEC reclaims $430, the path of least resistance is down.
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