From the 4-hour K-line chart, ZEC is currently in a downward trend. The MACD red bars have been getting longer (indicating that the downward momentum is still strengthening). The KDJ indicator also shows a downward trend. Overall, all indicators lean towards a bearish outlook, making it suitable to set short positions at high rebound levels.
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.
12.16 ZEC Market Analysis
From the 4-hour K-line chart, ZEC is currently in a downward trend. The MACD red bars have been getting longer (indicating that the downward momentum is still strengthening). The KDJ indicator also shows a downward trend. Overall, all indicators lean towards a bearish outlook, making it suitable to set short positions at high rebound levels.
Operational suggestion: 390—410
Target range: 350—320
$ZEC