$ZEC / USDT ā Showing Renewed Strength! Targeting Key Resistance? šŖ
$ZEC / USDT is currently trading around $35.74 on Binance, displaying a positive move of over 8%! It seems to be gaining momentum after a period of consolidation.
Key Observations:
* Steady upward movement with consecutive green candles on the 4-hour chart.
* Approaching the resistance level around $36.00.
* Trading volume appears to be picking up.
Potential Scenarios:
* Breakout Attempt: If ZEC can decisively break and hold above the $36.00 resistance with strong volume, we could see a push towards the $37.00 - $38.00 zone.
* Consolidation Before Move: We might see a brief period of consolidation just below this resistance before a potential breakout attempt.
* Possible Retracement: Failure to break through $36.00 could lead to a pullback towards the $35.00 support level.
Key Levels to Watch:
* Resistance: $36.00, $37.00 - $38.00 zone.
* Support: $35.00, $34.50.
Remember to always trade responsibly and conduct your own thorough research before making any trading decisions. Keep a close eye on that resistance level!
