ZEC currency
Rose from the demand zone we identified earlier, and managed to reach the first resistance area at 450 – 460, which represents an old price gap that has not been tested before.
The price is currently facing pressure from this area, so this level is considered a decisive point for the upcoming movement:
A clear breakout above 460 opens the way towards the area of 500 – 520.
On the other hand, a failure to break out may bring the price back to test levels 400 – 380 as the nearest support.
The short-term trend is currently upward, but the real decision depends on how the price interacts with the level of 460 during the daily close.
