▎#ZEC Coin Analysis

$zec

Current Situation:

The coin is moving in a corrective manner after a rise achieved in the previous weeks.

Technical Patterns:

1. Descending Wedge Pattern:

– Confirmation of the end of the current correction will be through breaking the descending trend line (upper side) and successfully retesting the breakout.

2. Harmonic Pattern:

– We have a reversal pattern known as the "Lightning" pattern, where the price has reached the reversal zone. A bounce may occur from this area, but we need reversal candles to confirm the bounce, at least on the four-hour timeframe.

3. Technical Support:

– The price is approaching the bottom between two peaks achieved in the previous days, which also serves as good support.

Available Opportunities:

• There are indicators that may provide us with a chance for a speculative trade.

ZEC Coin Analysis

Current Situation:

The coin is moving in a corrective manner after a rise achieved in the previous weeks.

Technical Patterns:

1. Descending Wedge Pattern:

– Confirmation of the end of the current correction will be through breaking the descending trend line (upper side) and successfully retesting the breakout.

2. Harmonic Pattern:

– We have a reversal pattern known as the "Lightning" pattern, where the price has reached the reversal zone. A bounce may occur from this area, but we need reversal candles to confirm the bounce, at least on the four-hour timeframe.

3. Technical Support:

– The price is approaching the bottom between two peaks achieved in the previous days, which also serves as good support.

Available Opportunities:

• There are indicators that may provide us with a chance for a speculative trade.