Technical Analysis
Based on the ZEC/USDT 4-hour chart, the asset is undergoing a strong recovery phase following a significant correction. Here is the technical breakdown:
Market Structure: The price has successfully broken above the previous local resistance zone of 340–345, shifting the short-term market structure from bearish/sideways to bullish.
Moving Averages (EMA): * The price is currently testing the EMA(7) (yellow line) as immediate support.
The moving averages are aligned in a "Bullish Fan" formation (7 above 25, which is above 99), a classic indicator of sustained upward momentum.
MACD Indicator: Shows a positive crossover above the zero line with expanding bullish histograms, supporting the probability of reaching new highs.
STOCH RSI: Currently in the upper range (74–81), suggesting the price might need a brief "breather" or sideways consolidation before the next leg up.
💡 Professional Recommendation (Signal)
The asset is currently in a "retest" phase of the recent breakout. Entering here requires patience regarding minor volatility.
Trade Type: Long (Buy on dips).
Entry Zones:
Entry 1: 350 – 353 (Current Market Price).
Entry 2 (Loading): If the price dips to touch the EMA(25) around 342.
Take Profit (TP) Targets:
Target 1: 365 (Immediate resistance).
Target 2: 382.
Target 3: 394 (Retesting the major previous peak).
Stop Loss (SL): 4-hour candle close below 335.
📝 Article: Privacy Returns to the Price Spotlight
The ZEC chart indicates that the market is regaining confidence in projects with solid technical fundamentals. After retracing from the 394 peak, the coin established a firm support base above the 310 levels, from which it has launched its current rally.
What distinguishes the current movement is its "orderly ascent." The price isn't exploding randomly; rather, it is climbing steadily along the moving averages, which reduces the likelihood of a sudden flash crash. Staying above the 350 level serves as both a psychological and technical key to reclaiming the $400 mark. Traders should monitor volume at the 364 resistance; a high-volume breakout would signal that the journey toward new yearly highs has officially begun.
Pro Tip: ZEC often follows the general trend of Bitcoin (BTC). Ensure the overall market is stable before committing to large positions.
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