๐ Technical Analysis ($ZEC /USDT โ 1H Chart)
1๏ธโฃ Price Structure
Price has pulled back from the recent swing high ~457.58.
It made a low at 426.48, found support, and is now trying to recover.
Current price: 431.48 โ trading below all major short-term moving averages, showing weakness.
2๏ธโฃ Moving Averages
MA7 (Yellow) โ 432.93
Price is below the MA7, showing short-term bearish momentum.
MA7 is turning downward โ negative sign.
MA25 (Pink) โ 442.16
Price is well below MA25, confirming medium-term bearish pressure.
MA99 (Purple) โ 437.56
Price is below the MA99, meaning the broader trend is turning bearish again.
It attempted to retest MA99 and got rejected.
Conclusion:
All key MAs are above price โ trend = bearish bias.
3๏ธโฃ Volume Analysis
Recent candles show weak buying volume compared to strong red sell-volume bars earlier.
Indicates bulls are not aggressive yet.
No volume spike near the bounce โ recovery may be weak.
4๏ธโฃ Support & Resistance Levels
Immediate Supports
426.48 โ last confirmed local support
423.15 โ next horizontal support (visible)
Resistance Levels
435.22 โ immediate resistance
442.16 (MA25) โ strong resistance
447 โ 457 zone โ major resistance if price recovers
5๏ธโฃ Price Pattern
Current structure resembles:
A short-term descending channel / lower highs forming
Failed retest of the MA99 โ continuation weakness
Consolidation zone between 426 โ 445
This usually leads to another leg down unless buyers suddenly step in.
๐ Final Prediction โ Next Move (1H Outlook)
Probability Favors: Bearish Continuation
Price likely retests 426 โ 428 support again.
If 426 breaks โ drop towards 418 โ 420.
Bullish Scenario (Less likely unless volume increases)
A clean breakout above 435.22, then closing above MA99 (437โ438)
This opens upside towards 445 โ 452.
๐ Summary
Trend: Bearish short-term
Momentum: Weak
Buying pressure: Low
Structure: Lower highs + MA rejection โ continuation down likely
โฐ Next expected move:
โก๏ธ Retest 426 support
โก๏ธ If broken โ fall to 418โ420 zone
โก๏ธ Only bullish if candle closes ABOVE 437โ438
