ZEC $76.5: Do you want to continue the rise or pullback from $73.5-71.8? Over the past few days, ZEC has risen specifically from $54 to $72, but we have come across a fix. Before the next push, the price went back to the stairs and tested the moving average. The reversal continued and broke above the previous local highs. Assess the possibility of continuing the assembly or deepening current revisions.
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Overall ZEC price structure
What do we have now? Buyers seized the initiative with a zone touch of $65 to $66, pushing prices up beyond previous local ranges. The HH/HL structure is intact. A series of highs from the base zone of $58-60 and a new high of $76.5 sees the upward sequence. However, we are currently seeing new fixes. The nearest control zone is $73.5-71.5, deeper, in demand, between $68.2-67.5.
ZEC EMA
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EMA-20 $71.16. Like all other Emmas, it is pronounced as an upward slope. It closes the EMA-20 far above and maintains the impulse, even during the fix. Testing and over-level bounce is an acceptable pullback.
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EMA-50 $67.77. Currently, it’s far above this level, but closing below it increases the risk of the compensation expanding and moving into the landscape range.
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EMA-100 $63.95. We are farther from here and did not infringe it even during previous fixes. However, returning to this zone is only possible with deep pullbacks.
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EMA-200 $59.80. We are far from here and now we don’t play a big role. However, losing the EMA-200 means a structural break in the current upward impulse.
Zec Fibonacci Key Zone
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0.236 $71.18. This is the bullish boundary of impulse legs. Holding on top can provide a strong signal in favor of continuing the upward impulse. However, the breaks below can pave the way for a deeper pullback.
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0.382 $67.88. Also, structural support consistent with the EMA-50 is particularly important. Therefore, the following breakdown shows structural changes in the midrange.
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0.5 $65.22. The level of balance of upward impulses. You can test whether the correction will expand. Testing can cause severe weakening of the upward structure if integrated underneath.
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0.618 $62.56. This is an important buyer zone, especially considering its closest to the EMA-100. That loss can become a potential signal of breakage in medium-term trends, putting the entire structure at risk.
ZEC Market Sentiment
I think we see moderately bullish emotions. Prices were more traded than Emma than anything else, with the moving average leaning evenly upwards, and the impulse occurred without retreating completely immediately. However, there are local resistances between $76.0 and $76.5, and supply is formed. For sustainable continuity, a cross-peak integration breakout is required, or a local low rises following a controlled pullback between $73.5 and $71.5.
hulf potential bullish scenario
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confirmation. For the breakout and an hour above $76.5, we held back the retest between $76.0 and $76.3.
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Next target. The nearest level is $78.0. $79.5 as a forecast ranging from $73.5 to $76.5.
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Disabled. After falling below $74.0, it went below $71.8 (0.236) and continued to be merged below EMA-20.
hearPotential bearish scenario
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confirmation. The rejection at $76.5 was rejected with a loss of $71.8, falling below a series of low highs and $73.5.
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Next target. Tested at $67.9 (0.382) on the EMA-50 range, momentum – $65.2 (0.5).
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Disabled. With a rapid acquisition from $71.8, the recovery hit a new high above $74.8.
coptiible potential entry
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happen. An hourly closure entry, over $76.5, confirmed a retest between $76.0 and $76.3.
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Alternate retest. Accumulation of $71.8-73.5 with volatility compression and the appearance of 1 hour HL sequences.
copiiion potential stop
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For breakouts. When it returns to range, it is under $74.8 or conservatively below $73.5.
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For retest. Under $71.5/$71.2, lower the level for an hour and activate it with a break in HL.
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ZEC: What to track in the next few hours
I’ll focus on two important triggers – $76.5 action and $73.5 to $71.8 response. The integration is above $76.5 and you can use a mild pullback to retest to see the continuation of the impulse. If the rejection at the top and a loss of $73.5 and continues to be below $71.8, the market could shift to $67.9-$65.2 into the correction phase.