- ZEC continues to show strength even when markets have shown some weakness past 2 days
- ZEC has moved above a few resistance levels so far but has gotten rejected at the key supply zone
- A break above here could yield substantial gains for longs but we could see a pullback before we move up
- For bulls, a pullback to the demand zone below would be the ideal spot to enter a long as the EMAs have crossed over as well and would provide support
- Volume has followed the last 2 spikes above resistance levels, which is a good sign
- With possible Coinbase listing at any time, price for ZEC will be well supported in the coming weeks/months (barring a complete market meltdown)
Thanks guys!