$ZEC An ascending triangle is pressuring the price.. Is the explosion happening? ๐๐๐
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The price is currently trading at 446.86, and the chart shows the formation of a classic and positive "Ascending Triangle" model.
The price is currently confined in a narrow corner between the "ascending trend line" (support) that continuously raises the lows, and the stubborn "horizontal resistance area" at the level of 456.70. This "price squeeze" indicates a buildup of buying momentum, and we are now waiting for the final spark: a breakout of the white horizontal line and a candle close above it to activate the model and start a strong upward wave.
โTargets:
๐ฏ T1: 500.00 (psychological barrier and first resistance after the breakout)
๐ฏ T2: 560.00 (medium supply area)
๐ Full Extension: 620.00+ (the complete technical target of the model)