$ZEC is flashing interesting signals on the 1D chart. After a period of consolidation, the price is currently navigating a falling wedge pattern, a technical formation often associated with bullish reversals.
🔍 Technical Insights
The Daily SMA200 is proving to be a formidable line in the sand, acting as strong support for the current price action. As $ZEC squeezes toward the apex of the wedge, a decisive break above the resistance line could ignite a significant move.
🎯 Potential Upside Targets
If the breakout is confirmed with volume, keep an eye on these key levels:
Target 1: $384.43
Target 2: $439.86
Target 3: $495.28
Target 4: $574.19
Target 5: $674.71
💡 Trading Parameters (Perp)
Current Price: 293.11 (+0.68%)
Pair: ZEC/USDT
Strategy: Wait for a candle close above the wedge resistance for confirmation.
⚠️ Risk Warning: Crypto markets are highly volatile. Always apply tight stop-losses and maintain strict risk management to protect your capital.
