โณ Something VERY interesting is happening on $ZEC right nowโฆ ๐๐
The previous move from the major high down to the ~$185 low took around 91 days ๐
Now guess what? ๐ค
From that low back up to the current high zoneโฆ weโre sitting at roughly 89 days ๐โก
That kind of time symmetry is difficult to ignore
Does it confirm a top? โ
Not by itself.
But it adds serious confluence to whatโs already showing on the chart ๐
๐ธ Price is back at a MAJOR resistance zone
๐ธ The rally has been extremely vertical ๐
๐ธ RSI is looking heavily stretched ๐
๐ธ Volume still appears weaker than the first parabolic impulse ๐
๐ธ Huge liquidity pools are sitting below current price ๐ฉธ
And nowโฆ the rebound is almost matching the SAME duration as the previous collapse ๐ณ
To me, this suggests one thing:
If $ZEC hasnโt topped alreadyโฆ it may be getting VERY close โ ๏ธ
For bulls to invalidate this bearish idea ๐โ
Price needs to do more than just touch resistance.
It needs to:
โ
Break above resistance
โ
CLOSE above it
โ
Build strong structure above the zone
Until that happens, this area remains extremely risky and worth approaching with caution ๐ง
Sometimes the market gives warnings before the real move beginsโฆ ๐
#ZEC #Zcash #Crypto #Trading #Altcoins #TechnicalAnalysis #CryptoMarketAlert $ZEC
