MyCryptoParadise

ZEC/USDT It required break, potential significant upward move!

BINANCE:ZECUSDT   Zcash / TetherUS
πŸ’Ž Paradisers, #ZEC is indeed a coin worth monitoring closely.

πŸ’Ž Currently, ZEC is facing resistance at the 27 level. ZEC successfully breaking out of this resistance with a strong green candle would indicate bullish momentum, especially after breaking the ascending triangle pattern.

πŸ’Ž However, if ZEC fails to break above the resistance and instead forms a rejection bearish candle, it could signal a potential retracement back to the support area around 24.3. From there, ZEC may gather momentum for another attempt to break the resistance.

πŸ’Ž On the other hand, if ZEC breaks the resistance at 27 without retesting the demand area, it may continue its upward movement, potentially reaching our target strong resistance area.

πŸ’Ž A concerning scenario would be if ZEC fails to bounce upon retesting the support at 24.3. A breakdown below this support level could lead to a further downward movement towards the key demand area at 21.6. ZEC must bounce from this area and reclaim the support level to maintain the bullish scenario.

πŸ’Ž The bullish invalidation would be confirmed if ZEC breaks below the demand area, especially with a daily candle close below it. Such a move would indicate strong bearish momentum and could lead to further downward movement.

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