Alikze »» ZEC| Break down structure
🔍 Technical analysis: Break down structure
- It is moving in a downward channel in the weekly and daily time frames.
- So far, there have been several reactions to the dynamic trigger, the bottom of the channel, which has been met with short-term demands.
- Recently encountered a buy pressure candle in the $16 area.
- This buying pressure candle has been able to cause the swing to fail.
- Therefore, it can continue its growth with a pullback to a broken down structure, first to the top of the channel and then to the supply area.
💎 In addition, it should be noted that if the range of $25 downwards is broken and stabilized, the bullish scenario will be invalidated.
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ZECUSDT
- It is moving in a downward channel in the weekly and daily time frames.
- So far, there have been several reactions to the dynamic trigger, the bottom of the channel, which has been met with short-term demands.
- Recently encountered a buy pressure candle in the $16 area.
- This buying pressure candle has been able to cause the swing to fail.
- Therefore, it can continue its growth with a pullback to a broken down structure, first to the top of the channel and then to the supply area.
💎 In addition, it should be noted that if the range of $25 downwards is broken and stabilized, the bullish scenario will be invalidated.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
ZECUSDT Comment
After pulling back to the $25 range and holding it, it has gained more than 68% so far. 
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