$ZEC
ZEC (Zcash) at $342
The price is close to significant resistance zones after a strong rally.
Momentum is positive but starting to cool off (RSI near overbought)
Overall trend: Bullish medium-term
Technical levels:
Strong resistance: 360 → 390 → 405
Important support: 340 → 326 → 307
Scenarios:
1) Bullish scenario:
Breaking 360 = Targeting 390 then 420
If momentum remains strong, we might see an extension towards 500+ in the medium term
2) Bearish/Correction scenario:
Breaking 340 = Drop to 326
Breaking 326 = Retesting 300 – 307
👇
Safe entry: Around 330 – 340
Breakout entry: Above 360
Stop loss: Below 307
$ZEC
ZEC (Zcash) at $342
The price is close to significant resistance zones after a strong rally.
Momentum is positive but starting to cool off (RSI near overbought)
Overall trend: Bullish medium-term
Technical levels:
Strong resistance: 360 → 390 → 405
Important support: 340 → 326 → 307
Scenarios:
1) Bullish scenario:
Breaking 360 = Targeting 390 then 420
If momentum remains strong, we might see an extension towards 500+ in the medium term
2) Bearish/Correction scenario:
Breaking 340 = Drop to 326
Breaking 326 = Retesting 300 – 307
👇
Safe entry: Around 330 – 340
Breakout entry: Above 360
Stop loss: Below 307
$ZEC