Yesterday, the four-hour chart showed four consecutive bullish candles. After the price was resisted around 451, it began to adjust, and the latest candlestick turned bearish. When zoomed into the one-hour timeframe, the KDJ indicator shows a downward opening signal, and the middle band of the Bollinger Bands becomes the current key support level, with the price repeatedly oscillating in this area.
From the technical features across multiple timeframes, short-term bears are dominant. It is recommended to focus on the resistance performance in the 450-455 range. Once it is difficult to break upward, attention should shift to the support zone at 440-425. If this area is broken, it may further test lower prices.
The current approach leans towards shorting at high levels, patiently waiting for a pullback confirmation before entering the market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
6
Repost
Share
Comment
0/400
RamenDeFiSurvivor
· 9h ago
This 451 hurdle is really unbearable. I've been hesitating there repeatedly, it's uncomfortable to watch.
View OriginalReply0
LowCapGemHunter
· 9h ago
ZEC this wave is still a bit weak, 450 is the ceiling, if it really breaks through, it depends on whether the support below can hold up.
View OriginalReply0
SolidityJester
· 9h ago
It's the same technical analysis again. It's true that 451 is stuck, but I don't think the bearish trend is that absolute. The rebound might be more fierce than expected.
View OriginalReply0
CodeZeroBasis
· 9h ago
ZEC this wave is quite interesting, 451 is really stuck, it seems like the bears are still in the lead.
View OriginalReply0
0xBit
· 9h ago
Thanks for information
Reply0
BlockBargainHunter
· 9h ago
451, this hurdle really feels a bit stuck, like hitting a wall that can't be broken through repeatedly.
#数字资产市场动态 ZEC Short-term Technical Analysis:
Yesterday, the four-hour chart showed four consecutive bullish candles. After the price was resisted around 451, it began to adjust, and the latest candlestick turned bearish. When zoomed into the one-hour timeframe, the KDJ indicator shows a downward opening signal, and the middle band of the Bollinger Bands becomes the current key support level, with the price repeatedly oscillating in this area.
From the technical features across multiple timeframes, short-term bears are dominant. It is recommended to focus on the resistance performance in the 450-455 range. Once it is difficult to break upward, attention should shift to the support zone at 440-425. If this area is broken, it may further test lower prices.
The current approach leans towards shorting at high levels, patiently waiting for a pullback confirmation before entering the market.