ZEC daily chart review: Yesterday, it precisely touched the MA120 for support and then initiated a correction. The rebound was strong, but caution is needed regarding the resistance from the MA60 above. More importantly, the MACD has already formed a death cross above the zero line, indicating that the short-term rebound momentum is weakening. Recommendation: If ZEC rebounds close to the 500 level, do not rush to chase higher; the real entry opportunity should wait for the next correction, with a target around 350 before considering a position. From a technical perspective, patience is still required to wait for a better entry point.

ZEC-11.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
TheShibaWhisperervip
· 01-09 11:50
Still want to chase after the death cross? Wait until it hits 350, don't follow the trend and send money at 500.
View OriginalReply0
FancyResearchLabvip
· 01-09 11:49
Another MA120 Savior plot, theoretically feasible, but this guy's MACD death cross is already in progress, and Luban No.7 is starting to act up again.
View OriginalReply0
MoneyBurnervip
· 01-09 11:46
A death cross and still rebounding? I've seen this trick too many times, and in the end, it's always a death sentence.
View OriginalReply0
OneBlockAtATimevip
· 01-09 11:46
The death cross has occurred. This rebound is just a trap... Let's wait until 350 to see.
View OriginalReply0
ImpermanentPhobiavip
· 01-09 11:41
Still daring to rebound after a death cross, really can't hold on anymore haha
View OriginalReply0
TokenToastervip
· 01-09 11:38
Wait, the death cross has already appeared, and you're still talking about a rebound? Isn't this just a trick?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)