ZEC has been trading inside this channel since the start of 2021. During the most recent sell-off, ZEC failed to pierce through the lower support of the channel and reversed sharply from said channel.
In case ZEC makes a bearish move in the near future, we're prepared to trade the channel. In case the price keeps on rising this trade will naturally not be executed.
Before entering this trade wait for the price to touch the Entry line.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
In case ZEC makes a bearish move in the near future, we're prepared to trade the channel. In case the price keeps on rising this trade will naturally not be executed.
Before entering this trade wait for the price to touch the Entry line.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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