Zcash ($ZEC ) is flashing interesting volatility on the short-term timeframe, gaining +8.17% in the last 24 hours and currently trading around $581.47.
📊 THE 15M CHART BREAKDOWN
Recent Peak: ZEC locked a 24h high of $597.39 before facing a minor rejection. It is now attempting to consolidate and form a local base.
Supertrend Resistance: The immediate 15m Supertrend line has flipped Red at $596.01, showing strong short-term resistance right near the recent peak.
RSI Cooling Off: The RSI(6) has cooled down perfectly to 57.70, exiting the overbought zone. This gives the asset enough breathing room for either a healthy accumulation or another retest of the upper boundaries.
Keep a close eye on the volume indicators to confirm if the bulls can reclaim the $596 zone for a fresh breakout!
📊 Are you looking for a long scalp on this pullback, or waiting for a clean rejection to short? Share your plan below! $ZEC
#Copytrading #Binance #BinanceSquare #TechnicalAnalysis #altcoins