Trend: Price was moving inside an ascending channel but has broken down from the lower boundary, signaling weakening bullish structure.
Momentum: The sharp red candle indicates strong selling pressure after rejection near the upper channel (~520–540).
Support:
Immediate: 420–430 (current reaction zone)
Next: 380–400 if 420 fails
Resistance:
460–480 (former channel support turned resistance)
Higher: 520 $ZEC
RSI: Around mid-range (~45–50), suggesting loss of bullish momentum with room to move either way.
Bias:
Short-term bearish to neutral while below 460.
Bulls need a daily close back inside the channel to regain control.
📌 Want the exact entries, stop-losses, and targets? Our VIP members get real-time trade setups, scalp alerts, and risk-managed swing ideas before the move happens. Join VIP and trade with clarity instead of guessing.