ZEC Update: The Expected Chop Is Finally Showing UpZEC Update: The Expected Chop Is Finally Showing Up
ZEC is now giving us the slower, choppier price action that I originally expected before the clean tag of 300. After that sharp bounce, price is rotating back down toward the same support zone, and this controlled drift is completely normal when a market is trying to build a base.
What I’m watching now is simple:
- ideally we form a higher low somewhere above the previous wick (around the 300 region)
- a bounce from roughly 310ish would signal strengthening structure
- then a push into a higher high would confirm the reversal forming on the daily chart
This kind of back-and-forth is exactly how an accumulation zone builds. The violent reaction at 300 showed strong demand, but a trending reversal usually takes time and multiple attempts. As long as ZEC keeps defending the 300 level and begins carving out higher lows, the structure continues to lean bullish.
Monitoring closely for the next leg of the reversal.
