$ZEC recommends shorting! Short-term reduction in positions on highs!
After 8 consecutive days of increase, the increase in the past 7 days has reached 21.31%, and it touched a peak of 548.17 within 24 hours.
After reaching the top on the 1-hour chart, a short-term double top pattern was formed, with the price retreating from the high to 527.90, while the RSI reached 72 entering the overbought zone, and the 1-hour MACD formed a death cross, showing multiple reversal signals.
Conclusion📉: Although the daily line is still in a bullish trend, there is significant short-term pullback pressure. It is recommended to reduce positions on highs and wait for stabilization before considering buying on dips.
After 8 consecutive days of increase, the increase in the past 7 days has reached 21.31%, and it touched a peak of 548.17 within 24 hours.
After reaching the top on the 1-hour chart, a short-term double top pattern was formed, with the price retreating from the high to 527.90, while the RSI reached 72 entering the overbought zone, and the 1-hour MACD formed a death cross, showing multiple reversal signals.
Conclusion📉: Although the daily line is still in a bullish trend, there is significant short-term pullback pressure. It is recommended to reduce positions on highs and wait for stabilization before considering buying on dips.