On the hourly chart, the price has been rising from 324 to 405, but a clear signs of resistance have appeared. The upward momentum is slowing down, with selling pressure testing the upper levels. The middle band of the Bollinger Bands is exerting strong pressure on the price, and the RSI indicator is also showing a downward trend. The price needs to undergo a correction before attempting to break previous highs.
Personal suggestion: consider buying around 398-405, with a target of 370-360$ZEC
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January 28 $ZEC Silk Road
On the hourly chart, the price has been rising from 324 to 405, but a clear signs of resistance have appeared. The upward momentum is slowing down, with selling pressure testing the upper levels. The middle band of the Bollinger Bands is exerting strong pressure on the price, and the RSI indicator is also showing a downward trend. The price needs to undergo a correction before attempting to break previous highs.
Personal suggestion: consider buying around 398-405, with a target of 370-360$ZEC