$ZEC
Daily Structure Analysis
On the daily chart, $ZEC is beginning to form a clean structural setup. If the current triangle framework holds, the lower boundary aligns with a strong confluence zone where the macro 0.382 retracement intersects the micro 0.786 level. This is a significant area, as price often reacts meaningfully at such confluences. In a typical ABC corrective pattern, the C leg frequently targets the macro 0.382, making this level structurally relevant.
Additionally, liquidity imbalances are apparent. Downside order blocks are notably heavier than those above, indicating that liquidity is stacked more aggressively below the current price. Since order blocks often highlight key liquidity zones, this suggests that $ZEC may still probe lower levels before any sustained trend continuation occurs.
Should the triangle break, downside momentum could accelerate. The next major target would likely be near the macro 0.5 retracement aligning with the micro 1.0 level, which coincides with another significant order block in the same region.