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Zcash (ZEC) update: Buying at resistance vs buying at supportI am not very convinced that Zcash can move higher and I wouldn't recommend buying here not even to my worst enemy. To put it in terms that are not derogatory for awesome bulls, there are better options. The truth is that Zcash is great, Zcash is Crypto and Zcash went through an amazing bullish cycle. After a bull market we get a bear market. Even though a full ABC correction is present here there is no transition period for a new bull market to develop, but that isn't all. After a very nice bullish wave, the chart shows a clear lower high. What happens next is not the point. We have choices and we have to choose. What will you choose? A great project trading within the opportunity buy-zone with massive potential for growth, or a project trading at resistance after a lower high that already grew almost 4,000%? That's my point. It is about trading and profits and risk and so on. Daily MACD (needs no explanation): And then there is the volume signal. Compare the recent rise vs the rise in 2025. When the rise in 2025 was happening, volume was going up. When the rise in 2026 happened, there is no volume. This is a mixed chart setup. To produce a high level of success, we go with the chart and trading pairs with the lowest risk and the highest potential for reward. You know what I mean right? For example, compare XLMUSDT or HBAR or ALGO with ZEC and you will get my point. I know you understand, but not all of the readers are experienced so I have to share many details. Namaste.
BINANCE:ZECUSDTShort
by MasterAnanda
11
ZEC Breakout Alert: Smart Money Is Moving…!Yello Paradisers! Are you prepared for a potential sharp move on #ZEC, or are you still underestimating what’s quietly building behind the scenes? At first glance, this structure might seem like a simple and healthy pullback. But when we strip away emotions and analyze the chart objectively, a completely different narrative emerges. This is not random price action — this is a high-risk, high-opportunity zone where discipline matters far more than opinions. 💎#ZEC has recently printed a classic selling climax, followed by a climactic action candle supported by ultra-high volume. This is a textbook indication of accumulation. Historically, this exact behavior appears when smart money begins positioning ahead of a larger move. While subtle to the untrained eye, this probability carries significant weight for experienced traders. 💎#ZEC has now broken the upper trigger line of the selling climax for the second time, this time with a strong momentum candle. This suggests that weak hands are being forced out of the market, while stronger participants are stepping in with conviction. The key level to watch now sits just above the high of the climactic action candle. A confirmed breakout with sustained momentum could open the path toward 627.40, which stands as a major structural resistance 💎#ZEC continues to respect its ascending support while momentum is gradually shifting to the upside. On top of that, price has mitigated the daily timeframe order block zone, which indicates weakening bearish pressure. This adds another layer of confluence to the bullish scenario. As long as price keeps holding momentum inside the demand zone, the structure remains constructive, with 504.90 acting as the first key resistance level to watch. 💎If #ZEC fails to hold bullish momentum and a momentum candle closes below 181.10, the current bullish probability becomes invalid. In that case, we could see further downside pressure. That is why Paradisers, we are playing it safe right now. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities only on confirmations. MyCryptoParadise iFeel the success🌴
BINANCE:ZECUSDTLong
by MyCryptoParadise
Classic Head and shoulders bearish reversal pattern on zec.Yes the Claude Exploit fundamentally is major cause for alarm with zcash. However regardless of that fundamental news, the charts had already painted the crash for zcash in this head and shoulders top pattern which we can see zcash has already hit the breakdown target of it. It also went a little lower than that target, which makes sense considering how much FUD the Claude exploit has stoked. The most alarming part of this is that the weekly stochrsi (not shown here because this is the daily chart) has only just begun to turn back downward and still has plenty of room to drop. So it’s fairly probable that the retracement for zcash still has more to go. *not financial advice*
COINBASE:ZECUSD
by DrDovetail
Zcash: Code Fixed, But Is Trust Still Broken?ZEC did not just sell off because of a technical bug. It sold off because the bug attacked the one thing privacy coins cannot afford to lose: trust. An AI-assisted audit found a critical soundness bug in Zcash’s Orchard shielded pool, a system that has been live since May 2022. The bug was patched through an emergency soft fork and NU6.2, but the market reaction shows that the real damage is psychological. 1. WHAT ACTUALLY HAPPENED Bug Type: Critical soundness vulnerability in the Orchard zero-knowledge proof circuit. Timeline: Orchard launched in May 2022, and the issue was discovered on May 29, 2026. Fix: Emergency soft fork disabled Orchard actions, then NU6.2 re-enabled Orchard with a corrected circuit. Important Nuance: Zcash Foundation says there is no evidence of exploitation, no unauthorized value creation detected, and user privacy was not affected. 2. WHY THE MARKET STILL PANICKED Trust Problem: In privacy systems, the hardest question is not only whether the bug was fixed. It is whether the market believes nothing happened before the fix. Supply Cap: The turnstile mechanism reportedly confirmed the global 21M supply cap stayed intact. Market Reality: Even without confirmed exploitation, uncertainty alone can destroy a trust premium. 3. ZEC DAILY STRUCTURE Current Price Area: Around $324-$329. Trend: Price is below EMA20, EMA50, and EMA200. Volume: Sell volume expanded far above average, confirming real participation. First Resistance: $394. Major Supply: $623-$687 bearish order block. FVG: $583-$644 unfilled bearish FVG. Downside Levels: $317, then $250, then $205. MY VERDICT The technical damage appears contained. The trust damage is not. As long as ZEC remains below $394, rallies are vulnerable. A deeper recovery only becomes convincing if price reclaims the larger $623-$687 supply region. Until then, I treat this as a damaged chart where panic bounces can happen, but the market still has to rebuild confidence. Confidence: 68% Bearish / Sell-Rallies Bias Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk carefully.
BINANCE:ZECUSDT
by MonoCoinSignal
1
Zcash ZEC price analysisCRYPTOCAP:ZEC looks like it finished its correction 📊 Price reacted well from the $190–200 zone, and for now it doesn’t look like the market is eager to push lower. 👉 Next key area: for some it’s resistance, for others it’s a buy zone — $250–270 on #ZECUSD 👉 From there, a broader upside scenario still points toward $750 over time. 😉 🖥 Of course, we’re not just waiting for price action. We’ve also launched a OKX:ZECUSDT trading bot targeting 0.8–1% daily returns in USDT which loves corrections and violattily) 🤖 Our GETTEX:HYPE bot over a 6-month period already showed that this level of performance is realistic — even in the current weak crypto environment. ______________ ◆ Follow us ❤️ for daily crypto insights & updates! 🚀 Don’t miss out on important market moves 🧠 DYOR | This is not financial advice, just thinking out loud
CRYPTO:ZECUSD
by P_S_trade
1
$ZEC Daily Head & Shoulders - Has The Macro Top Printed?CRYPTOCAP:ZEC is printing a daily Head & Shoulders pattern Left shoulder topped at $645, the head swept liquidity at $687 and the right shoulder is currently forming Structure looks heavy below the macro highs. A breakdown of the local $591 level confirms the bearish shift. From there, a daily close below the neckline triggers the full pattern, projecting a measured move down to $285, with intermediate HTF demand sitting at the 2021 ATH Invalidation on a clean breakout and reclaim above 650
BINANCE:ZECUSDT.P
by Cryptoraclero
14
Is #ZEC Setting Up Bull Trap Before a Major Correction? Key ZoneYello, Paradisers! Is #ZEC about to confirm a major bearish reversal that could catch late buyers off guard, or will bulls somehow reclaim control? Let’s break down the current #Zcash trading setup: 💎#ZECUSDT has recently broken below its ascending support trendline on the 4H timeframe, signaling that the bullish structure is beginning to weaken. After respecting this trendline throughout the previous uptrend, the breakdown suggests that sellers are gradually gaining control. More importantly, the market has failed to reclaim the broken structure, which increases the probability that this is a genuine shift in momentum rather than a temporary shakeout. 💎At the same time, #ZECUSD is developing a potential Double Top formation beneath the major supply zone around $675-$690. While the pattern is not fully confirmed yet, the two significant rejections from the same resistance region indicate that buyers are struggling to push prices higher. A confirmed breakdown below the neckline area near $560 would validate the pattern and significantly strengthen the bearish case. 💎Another important factor supporting the bearish outlook is the 50EMA, which is now acting as dynamic resistance after the trendline breakdown. If price attempts a relief rally into the broken structure and the 50EMA rejects the move, it would provide additional confirmation that sellers remain in control. 💎Currently, #ZEC is trading around $555, directly above an important support area. If this support fails to hold and the neckline breakdown gains momentum, the first major downside target sits near the moderate support around $372. This level could attract short-term buyers and generate a temporary bounce. However, if bearish pressure remains dominant, the next major destination would be the strong demand zone around $277, where historical buying activity suggests stronger accumulation interest may emerge. 💎From a momentum perspective, traders should closely monitor the MACD indicator. The chart highlights the importance of waiting for a confirmed bearish crossover before considering additional downside continuation. While market structure already favors the bears, confirmation from momentum indicators would provide a stronger confluence for the bearish scenario. On the bullish side, you should pay close attention to the $675-$690 supply zone. A strong breakout and acceptance above this region would invalidate the bearish setup entirely. Trade smart, Paradisers. This setup will reward only the disciplined. MyCryptoParadise iFeel the success🌴
BINANCE:ZECUSDTShort
by MyCryptoParadise
1
$ZEC – Double Top breakdownPrice action on the 4H chart is showing a clean double top distribution. We officially lost the local 591 support and broke below the ascending trendline. Downside momentum is clearly taking over. Looking at the structure, the 487 area is the primary level of interest for this retracement. It acts as the base of the previous explosive leg up and holds a massive liquidity pool. The gameplan is to be patient. I am waiting for a sweep or a solid tap into the 487-490 zone to look for a potential swing long entry. I need to see a clean reaction and consolidation at that level before stepping in. Until we reach that major structural support, any relief bounce back into the 591 area is likely just a lower high and a potential short setup. Focused on buying the dip lower.
BINANCE:ZECUSDT.PLong
by Cryptoraclero
ZECUSDT Forming Bullish MomentumZECUSDT is forming a clear bullish momentum pattern, a classic bullish wave signal that often indicates an upcoming breakout. The price has been consolidating within a narrowing range, suggesting that selling pressure is weakening while buyers are beginning to regain control. With consistent volume confirming accumulation at lower levels, the setup hints at a potential bullish breakout soon. The projected move could lead to an impressive gain of around 50% to 60% once the price breaks above the key resistance zone. This bullish momentum pattern is typically seen at the end of downtrends or corrective phases, and it represents a potential shift in market sentiment from bearish to bullish. Traders closely watching ZECUSDT are noting the strengthening momentum as it nears a breakout zone. The healthy trading volume adds confidence to this pattern, showing that market participants are positioning early in anticipation of a reversal. Investors’ growing interest in ZECUSDT reflects rising confidence in the project's long-term fundamentals and current technical strength. If the breakout confirms with sustained volume, this could mark the start of a fresh bullish leg. Traders might find this a valuable setup for medium-term gains, especially as the pattern completes and buying momentum accelerates. ✅ Show your support by hitting the like button! ✅ Leave a comment below! (What is your opinion about this coin?) Your feedback and engagement keep me inspired to share more insightful market analysis with you! 🚀📈
MEXC:ZECUSDTLong
by Alpha-GoldFX
Zcash (ZEC) ABCD Correction Before Next Rally ?Zcash (ZEC) price action continues to maintain a constructive higher-timeframe structure despite undergoing a short-term correction. From an Elliott Wave perspective, the market appears to have completed a clear five-wave impulsive advance to the upside, signaling strong bullish participation and confirming a positive trend throughout the previous expansion phase. Following the completion of this impulsive sequence, price has entered what appears to be a standard corrective phase. Current market behavior is closely resembling an ABC correction, which is a common retracement pattern that often develops after a completed five-wave move. As a result, the probability of further downside within the correction remains elevated before the broader trend resumes. The most important area to monitor is the 0.618 Fibonacci retracement level, which aligns with an internal daily support and resistance zone. This technical confluence creates a high-probability support region where buyers may look to re-enter the market. Should price successfully establish support within this area, it would reinforce the validity of the corrective structure and increase the likelihood of a rotation back toward the recent highs. A successful reaction from support would preserve the overall bullish market structure and potentially mark the beginning of a larger impulsive wave higher. Until that support region is tested and confirmed, ZEC remains corrective in the short term, with an ABC retracement likely developing before the next phase of bullish expansion begins.(ZEC) price action continues to maintain a constructive higher-timeframe structure despite undergoing a short-term correction. From an Elliott Wave perspective, the market appears to have completed a clear five-wave impulsive advance to the upside, signaling strong bullish participation and confirming a positive trend throughout the previous expansion phase. Following the completion of this impulsive sequence, price has entered what appears to be a standard corrective phase. Current market behavior is closely resembling an ABC correction, which is a common retracement pattern that often develops after a completed five-wave move. As a result, the probability of further downside within the correction remains elevated before the broader trend resumes. The most important area to monitor is the 0.618 Fibonacci retracement level, which aligns with an internal daily support and resistance zone. This technical confluence creates a high-probability support region where buyers may look to re-enter the market. Should price successfully establish support within this area, it would reinforce the validity of the corrective structure and increase the likelihood of a rotation back toward the recent highs. A successful reaction from support would preserve the overall bullish market structure and potentially mark the beginning of a larger impulsive wave higher. Until that support region is tested and confirmed, ZEC remains corrective in the short term, with an ABC retracement likely developing before the next phase of bullish expansion begins.
BINANCE:ZECUSDTLong
by The_Alchemist_Trader_
10
Long when the following conditions happen!The price formed its first higher low in late April on the daily chart, signaling a potential trend reversal. Although the market is currently pulling back, the overall bullish structure remains intact. On the Daily chart, the price has retraced to the 0.5 Fibonacci level and is beginning to move higher. On the 1-hour chart, both MACD and Stochastic have formed clear bullish divergences and have entered bullish territory. In addition, the BBWP volatility indicator is starting to expand to the upside, suggesting that momentum may be building for another upward move. On 15 min chart, price action is also beginning to show a series of higher highs and higher lows, which is a constructive sign for the developing trend. The EMA 21, EMA 55, and EMA 200 are beginning to align in a bullish configuration, further supporting the potential for continued upside momentum. I am watching for a retracement into the 0.382–0.618 Fibonacci zone (blue box on the 15-minute chart). If the price retests this area and then resumes its upward movement while momentum indicators remain bullish, I plan to add to my position. But the price may not pull back too deep. This setup may also provide a tradable opportunity for shorter-term traders using the 1-hour and 15-minute timeframes. Having said all that, if you want to be conservative, it is better to wait for today's daily candle to close and evaluate the price action in the daily and weekly charts tomorrow.
BINANCE:ZECUSDTLong
by EbonyFalcon
Go up or go down???Zcash is a highly volatile asset, so I try not to focus too much on the noise in the lower time frames. My trading decisions are primarily based on the monthly and weekly charts. As I mentioned in my previous article, I do not intend to take significant profits until I see a clear bearish divergence on the weekly chart. The price has pulled back sharply in recent days, and many traders are now discussing the possibility of a double-top pattern or the early stages of a head-and-shoulders formation. Based purely on chart pattern analysis, these scenarios could imply a much deeper correction. However, at this stage, I want to see whether the daily candle can close above the previous lower high at $483 (red horizontal line in Daily chart). Daily Stochastic may also be forming a hidden bullish divergence, although this has not yet been confirmed. On the 1-hour chart, MACD has started to enter bullish territory. While the signal remains relatively weak, there are early signs that the price may be attempting to establish a higher high and a higher low. For now, I will remain patient and observe how the price action develops over the next few days. The monthly candle is also due to close soon, and that will be an important signal to monitor before making any further decisions.
BINANCE:ZECUSDT
by EbonyFalcon
1
Bullish until weekly negative divergence forms. I am very bullish on Zcash (ZEC). Because it is an extremely volatile asset, I mainly base my trading decisions on the monthly and weekly charts, while using the daily and 4-hour charts to identify potential entry areas. Looking at the monthly chart first, both the MACD and Stochastic indicators have fully reset and are beginning to turn upward. To me, this suggests that long-term momentum is starting to rebuild. On the weekly chart, momentum indicators have already reached overbought territory, and the price experienced a sharp pullback yesterday. However, I currently view this move as a healthy correction rather than a complete trend reversal. My initial entry was in late April 2026, when the weekly MACD entered bullish territory and the market formed its first higher low. I do not trade with leverage — I only hold spot positions. My plan is to take profits once the weekly MACD or RSI forms a clear bearish divergence. At the moment, bullish momentum in both the RSI and MACD is beginning to slow. However, there are still no clear signs of bearish divergence, so I intend to stay in the market. I am also looking for opportunities to add to my existing portfolio. Historically, ZEC tends to move within parallel channels. On the 4-hour chart, the price is currently trading inside a descending parallel channel. Recently, it touched the lower boundary of the channel and has started to recover upward. Momentum indicators are still pretty bearish but I bought a small additional position this morning in case it resumes to move to the upside. If the price breaks below the channel, there could be further downside. Even so, I am comfortable continuing to accumulate gradually by adding small amounts to my existing position over time.
BINANCE:ZECUSDTLong
by EbonyFalcon
$ZEC Rally Stalls at Major ResistanceBINANCE:ZECUSDT has seen a strong impulsive rally over the past few weeks, reclaiming multiple HTF supply zones with expanding volume and steady acceptance above the mid-range around $380–320. The move was largely driven by aggressive momentum buying, which allowed price to quickly push through thin liquidity areas and tag the major range high near 690. However, price is now showing rejection signs at the range highs, very similar to the previous distribution we saw back in November. Sellers have started defending this area aggressively, and the recent candles suggest supply is beginning to absorb momentum as ZEC struggles to secure acceptance above the highs. For now, the immediate support zone sits around $550–500. As long as bulls continue defending this region, the structure still favors consolidation near the highs with potential for another breakout attempt. But if $550–500 fails to hold, then the probability increases for a deeper rotation back into the broader value area around 380–320, which was the previous accumulation range before the breakout expansion.
BINANCE:ZECUSDT.P
by Tealstreet
Fich Strategy holds $ZEC from $574.7ZEC ripped to fresh 2026 highs amid heavy short liquidations, with additional credibility from a major investor publicly disclosing accumulation and emphasizing the growing relevance of shielded transactions. A record share of supply moving into shielded pools has tightened liquid availability, while recent security work, fresh funding, and upcoming quantum-recoverable wallet initiatives strengthened the long-term privacy thesis. Fich Strategy vs BTC vs ETH Year | Fich Strategy| BTC | ETH 2020 | +397.54% | +301.67% | +463.14% 2021 | +1,267.29% | +59.79% | +399.20% 2022 | -40.96% | -64.21% | -67.46% 2023 | +113.91% | +155.61% | +90.77% 2024 | +58.87% | +121.31% | +46.27% 2025 | +3.91% | -6.33% | -10.97% 2026 YTD | -3.61% | -6.73% | -21.26%
BINANCE:ZECUSDTLong
by zok51
NIGHT/USDT — Breakout or Another Breakdown?The MIDNIGHT/USDT 1D timeframe chart is still under medium-to-long-term bearish pressure. Price continues moving below the descending trendline, which has acted as a major resistance since early 2026. However, the lower area is beginning to show signs of accumulation and a possible reversal phase if a breakout successfully occurs. 👀 🔍 Chart Structure Analysis Overall, the market is still forming: 🔻 Lower Highs 🔻 Lower Lows 📉 A consistent downtrend ⚠️ Repeated rejection from the trendline resistance The yellow trendline indicates that sellers are still dominating the market as long as price remains below resistance and fails to close strongly above it. On the other hand, price is starting to move sideways at the bottom area, which may indicate: ✅ A consolidation phase ✅ Weakening bearish momentum ✅ A possible base formation for reversal --- 📐 Pattern Formation 🔻 Descending Triangle / Falling Resistance Structure The main pattern on this chart is a descending resistance structure continuously pressuring price downward. ✨ Pattern Characteristics: 📉 Descending resistance line 📊 Price range getting tighter ⚡ Volatility gradually decreasing 🚀 Usually followed by a strong breakout move This pattern may lead to: ✅ Bullish reversal if a valid breakout occurs ❌ Bearish continuation if support fails to hold The trendline remains the key level determining the next market direction. 🎯 --- 🟢 Bullish Scenario Bullish confirmation will occur if price can: 1️⃣ Break above the yellow trendline resistance 2️⃣ Close a daily candle above resistance 3️⃣ Show increasing breakout volume 📈 🎯 Bullish Targets: 🟢 0.035750 🟢 0.038050 🟢 0.042300 🟢 0.048100 🟢 0.051900 🟢 0.056500 If momentum strengthens and the crypto market remains supportive, then 0.056500 could become the next major recovery target. 🚀 📌 Additional Bullish Confirmations ✅ Higher low structure begins forming ✅ Bullish engulfing or breakout candle appears ✅ Increasing volume during breakout --- 🔴 Bearish Scenario Bearish momentum still remains the primary scenario as long as price stays below the trendline. 📉 If price fails to break out and gets rejected again, then the market could: ❌ Continue the downtrend ❌ Create a new lower low ❌ Trigger further support breakdowns ⚠️ Important Levels to Watch If lower support breaks, price may revisit: 🔻 0.029000 🔻 Or even lower psychological support levels Sellers still control the market until a valid breakout is confirmed. 🐻 --- 📊 Conclusion MIDNIGHT/USDT is currently at a critical area after experiencing a prolonged downtrend. The descending resistance trendline remains the key factor for determining the next major move. ⚡ 🔥 Breakout = potential major reversal ❌ Rejection = bearish continuation Traders should wait for breakout confirmation before entering aggressively, as the market is still under bearish pressure. 📌 --- #MIDNIGHT #MIDNIGHTUSDT #Crypto #TechnicalAnalysis #Altcoin #CryptoTrading #Bullish 📈 #Bearish 📉 #Breakout #Downtrend #Resistance #Support #ChartAnalysis #PriceAction #CryptoMarket #Trader #Altseason #Bitcoin
OKX:NIGHTUSDTLong
by CryptoNuclear
ZECUSDT Forming Bullish MomentumZECUSDT is forming a clear bullish momentum pattern, a classic bullish wave signal that often indicates an upcoming breakout. The price has been consolidating within a narrowing range, suggesting that selling pressure is weakening while buyers are beginning to regain control. With consistent volume confirming accumulation at lower levels, the setup hints at a potential bullish breakout soon. The projected move could lead to an impressive gain of around 90% to 200% once the price breaks above the wedge resistance. This bullish momentum pattern is typically seen at the end of downtrends or corrective phases, and it represents a potential shift in market sentiment from bearish to bullish. Traders closely watching ZECUSDT are noting the strengthening momentum as it nears a breakout zone. The strong trading volume adds confidence to this setup, showing that market participants may already be positioning early in anticipation of a reversal. Investors’ growing interest in ZECUSDT reflects increasing confidence in the project’s long-term fundamentals and current technical strength. If the breakout confirms with sustained buying volume, this could mark the beginning of a fresh bullish rally. Traders may find this a valuable setup for medium-term gains, especially as the pattern nears completion and bullish momentum continues to accelerate. ✅ Show your support by hitting the like button ✅ Leaving a comment below! (What is your opinion about this coin?) Your feedback and engagement keep me inspired to share more insightful market analysis with you!
BINANCE:ZECUSDTLong
by Alpha-GoldFX
Zcash (ZEC) Update Bullish Continuation Zcash price action continues to show strong bullish momentum, with the market maintaining a clear impulsive uptrend structure. The recent expansion higher suggests that a potential Wave 3 move has already been established, confirming increasing strength from buyers across the higher timeframe trend. One of the key technical areas currently supporting the market is the Value Area High (VAH), which has now flipped into local support during the recent bounce. This acceptance above value indicates that bullish market participants remain in control despite short-term volatility. From an Elliott Wave perspective, price may still form an internal ABCD corrective structure before continuation higher. As long as ZEC remains below the $613 resistance region in the short term, the probability of a Wave 4 correction developing remains elevated. However, this corrective phase would likely represent a healthy retracement within the broader bullish trend rather than a complete reversal in structure. If the Wave 4 scenario completes successfully, the next impulsive Wave 5 expansion could follow, opening the door for new highs to be established in the overall market cycle. Technically, the broader outlook for Zcash remains bullish, and any short-term correction into support regions may continue presenting opportunities for accumulation before the next major leg higher unfolds.
BINANCE:ZECUSDTLong
by The_Alchemist_Trader_
Zcash (ZEC): Lower high & bearish continuation —vs BitcoinThere is no such a thing as back to back bull markets. After a project grows 3,000% in a matter of months, you cannot go through another 3,000% bullish cycle without some sort of correction and transition. Zcash (ZECUSDT) went through a correction but not a full transition. For a new bull market to develop on this pair, a bear market needs to be completed first. After a bull market we get a bear market. After a bear market we get a bull market. A very strong bull market is followed by a very strong correction (bear market). A weak bull market is followed by a weak bear market. Between early February and May, exactly three months, ZECUSDT produced a bear market rally. This rally is ending as a very strong lower high compared to the all-time high. Trading volume is extremely low on the rise, compare it to the bull market wave, and this points to a bearish continuation, a new bearish wave. The MACD, RSI and STOCH support a major crash on this trading pair. Bitcoin might or might not follow the same path. It is not the same chart nor the same situation. Bitcoin can move lower, but it will not produce a new major low. $60,000 is impossible to break. Are you going short on Zcash? Thank you for reading. Namaste.
BINANCE:ZECUSDTShort
by MasterAnanda
2