ZEC Analysis



From the 247.61 high, ZEC has been in freefall, breaking through the MA7, MA30 moving averages, and the Bollinger Band midline. Net capital outflow exceeds 7 million, with the decline accompanied by increased volume. The bulls show no resistance whatsoever. The price is currently hovering along the Bollinger Band lower band, with weak support below. The probability of continued downside momentum is high. Short-term outlook is bearish—any bounce is an opportunity to short. Watch whether the 228-225 support level can hold.

Trading Recommendation: Short at 245-260, target 230-200.
$GT $BTC
GT-2.21%
BTC-2.52%
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MIRESH
MIRESHMIRESH
MC:$2.33KHolders:1
0.00%
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GateUser-cbe61f0dvip
MIRESH
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· 5h ago
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