PolarHusk

ZEC/USD ($80-$100 Strong Support?)

KRAKEN:ZECUSD   Zcash / U.S. Dollar
💎Technical Analysis Summary💎


ZEC/USD

-After topping out near the 400 dollar level
-ZEC is back to the average or key area of interest
-The 80 dollar lower range of support is coinciding with the 100W Moving Average
-Which has been respected multiple times since August 2020 and up until January 2021
-If this green area of buying interests consolidates and form a base of support
-I think ZEC has the chance to retest its recent swing top near $400
-This is a long shot so It will take few months to get there
-We can Not 100% predict the future price action but only manages our risk
-If ZEC closes below $80 and unable to reclaim above it
-That would be a different scenario and would assume the bears are still in control
-So please, do not forget to follow your trading plan and exit if it goes wrong



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