The chart shows a strong, sustained uptrend following the trendline (lower diagonal line) from the $200 region to the recent high near $730.

Supply Zone/Liquidity Zone: The shaded Green Box (roughly $690 – $750) represents a key resistance and supply zone. Price has hit this area multiple times and repeatedly failed to secure a clean break above $730.

Liquidity Grab Setup: Institutional traders are likely sweeping liquidity (taking stops) above this zone. We see a clear Stop Hunt wick on November 15th that touched $730 before instantly collapsing back down. This is classic supply confirmation.

Bullish Structure: Despite the dips, the price is holding above the rising trendline and continues to form Higher Lows above the $544 support zone. The structure remains bullish until that major trendline breaks.

🎯 My Trade Thesis & Levels:

Scenario 1:

Breakout Confirmation (Long):

The ultimate bullish signal is a strong 4-hour candle close decisively above $751.30 (the high of the supply zone). This would signal that institutional demand has absorbed all the sell pressure, opening the path to $900+.

Scenario 2:

Consolidation & Retest (Accumulation):

If price retreats, the primary support level to watch is $560.00. A retest of the rising trendline near the $544.80 low (demand zone) offers a higher-probability opportunity for continuation.

📰 Fundamentals Fueling the Move

ZEC's recent surge is backed by strong fundamentals that align with its technical scarcity (like Bitcoin, it has a 21 million supply limit) and its unique privacy technology (ZK-snarks):

Analysts are targeting $900 to $1,000 for ZEC by the year-end as a high-beta play in the broader crypto cycle.

Growing adoption of its shielded pool confirms increasing organic demand for on-chain privacy.

What do you think? Will ZEC consolidate further before making the move, or are we ready for the $751 breakout?

Let me know your targets! 👇

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