ljj1288
6.2K posts




$ZEC Has now lost its $540 macro support, which means this move up is at least temporarily finished unless price can quickly produce a spring action and reclaim that level. I’m not ruling that out yet, because markets will often sweep slightly beneath obvious macro support before front-running demand and reversing back above it. But if ZEC cannot reclaim $540, then the daily higher low likely forms lower, and the chart heads to deeper support levels. That makes $480 the first important minor support, with $450 sitting underneath as the next major macro support. Typically, we see a 40-60% mean reversion after large vertical expansions. $325 > $643 = a $318 move. And a 50% retracement would put price right near the $480 minor region. So unless ZEC can quickly reclaim $540 and close back above that macro pivot, the chart is still likely to enter a deeper correction into $450-480 support first before any continuation higher.

























