$ZEC Riding the Wave… Breakout Buyers Holding Ground
Buy
Entry: 490 & 500
SL: 456.87
Target 1: 523.17
Target 2: 550.00
Target 3: 580.00
The cryptocurrency is breaking out from its consolidation phase and now trading firmly above its previous resistance level between 478-500. The strong impulse move indicates solid participation from the buyers. Meanwhile, ZEC is still forming a higher-highs and higher-lows formation that suggests bullish momentum. As long as the price remains above its breakout area, there is momentum for the asset to climb towards the next areas of liquidity.
As long as the breakout holds, a move above 523.17 will affirm the next rally for ZEC. The volume should continue to be healthy during pullbacks to ensure a move up towards the targets.