ā”ļø ZEC/USDT Update: Strongest Rebound Signal Starting in 4H Timeframe!
Hello Radar Friends! šµļøāāļøšø
After experiencing a sharp correction, Zcash ($ZEC ) finally shows interesting signs of recovery worth monitoring. Based on our radar observation in the 4-hour timeframe (4H), here are the details:
š Technical Breakdown (4H Timeframe):
Rebound from Support: The price successfully bounced after hitting a critical support level at $330.75.
MACD Momentum: A Bullish Crossover Occurred! The DIF line (-9.58) has crossed above the DEA line (-11.53) with the histogram starting to turn green at 1.95.
Moving Average Confirmation: The price is currently struggling to break above the MA(20) at the $366.62 level. If it manages to close the candle above this area, the potential strengthening will be further validated.
RSI: Currently at 46.00, which means the price has enough room to rise before entering the overbought zone.
šÆ Projection & Trading Plan:
If ZEC can hold above the psychological level of $367, here are the targets to watch:
š Take Profit 1: $380.49 (nearest Resistance).
š Take Profit 2: $393.79 (MA 50 Area).
š” Stop Loss: $353.32 (To safeguard capital if the price reverses).
Conclusion: Technically, ZEC is in a promising short-term recovery phase. Stay alert to market volatility and ensure risk management is maintained!
What do you think, can ZEC return to the $400 area? Share your thoughts in the comments! š
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