$ZEC / Zcash - This is bad


Swept liquidity above $400 again, then continued its flush. Nasty candle.
Now sitting at $385, testing the local support zone, which has held multiple times since the lows. Lose it and price likely sweeps down toward $360 to clean out longs.
Trend bearish across all timeframes + momentum fading + low volume = not much conviction from buyers above $400 at this stage.
Needs to hold and bounce to keep the higher low structure intact. Otherwise, the corrective wave continues, and those lows are back in play.
ZEC-4.44%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)