ZEC - From Exhaustion to Expansion!!!📉ZEC spent days trapped in a clear bearish phase on the left side of the chart, forming lower lows and lower highs. But everything changed once price tapped the major swing low, where buyers stepped in aggressively.
📈Since then, ZEC has been respecting a new rising channel , shifting the market structure from bearish to bullish. As long as price remains inside this channel, the bulls remain in control.
We will be looking for longs around the intersection of:
- the lower blue trendline, and
- the most recent higher-low zone
🏹This is where buyers have consistently reacted before, and where the next bullish impulse could start.
If this structure holds, ZEC may push toward the upper boundary of the channel once again.
Do you think ZEC is gearing up for another leg up? Let me know below 👇
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
