#ZEC–Bullish Reversal in Play? | Harmonic Pattern and Divergence
Downtrend Reversal in Sight?
#ZEC has been in a consistent downtrend and is currently at its lowest point. But the charts are telling a different story now.
Key Technical Highlights:
Harmonic Pattern: A clear Bullish Bat pattern has formed on the 1-day timeframe, signaling potential for reversal.
Bullish Divergence: We’re seeing a subtle bullish divergence, adding weight to the case for a potential trend reversal.
Resistance Break: The key confirmation level lies at 45.85. A break above this level will be our primary signal to go long.
What Does This Mean?
The technical indicators are aligning for a potential upward shift, but patience is key. We’ll need to wait for the resistance to break before entering the trade.
Once confirmed, we’ll be looking for a bullish entry at 45.85 with careful risk management in place.
Join the Discussion!
What’s your take on #ZEC? Are you seeing the same potential reversal, or is it too early to call?
Have you traded harmonic patterns before? Share your experiences below!
#ZEC has been in a consistent downtrend and is currently at its lowest point. But the charts are telling a different story now.
Key Technical Highlights:
Harmonic Pattern: A clear Bullish Bat pattern has formed on the 1-day timeframe, signaling potential for reversal.
Bullish Divergence: We’re seeing a subtle bullish divergence, adding weight to the case for a potential trend reversal.
Resistance Break: The key confirmation level lies at 45.85. A break above this level will be our primary signal to go long.
What Does This Mean?
The technical indicators are aligning for a potential upward shift, but patience is key. We’ll need to wait for the resistance to break before entering the trade.
Once confirmed, we’ll be looking for a bullish entry at 45.85 with careful risk management in place.
Join the Discussion!
What’s your take on #ZEC? Are you seeing the same potential reversal, or is it too early to call?
Have you traded harmonic patterns before? Share your experiences below!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.