ZEC Market Analysis

Latest price: 478.70USDT
24-hour situation: down 5.14%, peaked at 519.00, dipped to 448.00; trading is quite stable, 404K ZEC (approximately 196 million USDT), currently experiencing a slight rebound.

Simply put, the trend

The medium-term trend is still leaning bearish, but it has rebounded strongly from the low point of 448 (up 7.5% already), and the price has also risen above the MA20 moving average (around 478). The MACD indicator is not looking as bearish anymore. If it can hold the key support, it might be able to reverse and move upward.

Key indicators (no need to understand the principles, just look at the conclusions)

- RSI(14): 32, approaching the "oversold" level (unable to drop further), wait for it to rise above 35 for a more secure long position.
- MACD: Still bearish but the momentum is weakening, the intensity of the decline is gradually decreasing.
- Moving Averages: The price has exceeded the short-term moving average (MA20), but is still below the medium to long-term moving averages (MA50, MA200), so it is not considered a strong rise for now.
- Trading volume: When there are more buyers during the rebound, it indicates that buyers are entering the market.

Support and Resistance (Buy/Sell Reference)

- Support level: 448-460 (24-hour low + key area, if it falls below this, it may drop to 430)
- Resistance level: 500-520 (medium to long-term moving average + previous high points, if it breaks through we can see 550)

Trading suggestion (biased towards going long, risk is controllable)

- Entry conditions: If the price closes above 485 (break through minor resistance), then consider going long; the entry range is selected at 472-477.
- Take Profit Target (the point to sell once it hits):
1. 505 (The dry diamond is approximately 1.5 times the risk taken)
2. 520 (The diamond's dry is probably 3 times the risk taken)
3. 550 (The diamond is roughly 4 times the risk taken)
- Stop Loss (the point where you run away when you lose): 470 (below the support level, control risk)
- Tip: Buy 30% when entering, and wait for the RSI to rise above 35 before buying the rest, it's more secure! #十二月降息预测 #反弹币种推荐