ZEC hourly chart shows that after the price rose from 324 to 405, a clear signs of stagnation appeared. The upward pressure above was validated, and the middle band of the Bollinger Bands now exerts strong resistance on the price. The RSI indicator is also trending downward. The price needs to pull back and consolidate before attempting to break the previous high.
Personal suggestion, for reference only (strictly set stop-loss) ZEC can range around 398-405, with targets at 370-360
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ZEC hourly chart shows that after the price rose from 324 to 405, a clear signs of stagnation appeared. The upward pressure above was validated, and the middle band of the Bollinger Bands now exerts strong resistance on the price. The RSI indicator is also trending downward. The price needs to pull back and consolidate before attempting to break the previous high.
Personal suggestion, for reference only (strictly set stop-loss)
ZEC can range around 398-405, with targets at 370-360