Silence is over on this five minute chart, and you can feel it.
$ZEC Price ripped straight up from the base and stabbed into 710.12 in one vertical burst, then snapped back like an elastic band. After a choppy fight in the 690 to 700 zone, sellers finally took control and slammed it down to 663.5 in a fast, heavy flush. The bounce to around 674 is only crawling back beneath the short term moving averages, with the 5 period near 675, the 10 period around 682.6, and the 30 period close to 684.8 now leaning down as dynamic resistance.
Volume shows who hit harder. Recent bars pushed the 5 period volume average to about 307 thousand against the current 122 thousand, so the real punch came on the spike and the dump. The MACD has rolled into negative territory, with the fast line sitting under the signal, showing that momentum is bleeding away from the highs.
This is no quiet range anymore, it is a live battlefield between bulls defending the 660s and bears guarding the 680s, and the next push from either side could decide the next big move. $ZEC
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Silence is over on this five minute chart, and you can feel it.
$ZEC Price ripped straight up from the base and stabbed into 710.12 in one vertical burst, then snapped back like an elastic band. After a choppy fight in the 690 to 700 zone, sellers finally took control and slammed it down to 663.5 in a fast, heavy flush. The bounce to around 674 is only crawling back beneath the short term moving averages, with the 5 period near 675, the 10 period around 682.6, and the 30 period close to 684.8 now leaning down as dynamic resistance.
Volume shows who hit harder. Recent bars pushed the 5 period volume average to about 307 thousand against the current 122 thousand, so the real punch came on the spike and the dump. The MACD has rolled into negative territory, with the fast line sitting under the signal, showing that momentum is bleeding away from the highs.
This is no quiet range anymore, it is a live battlefield between bulls defending the 660s and bears guarding the 680s, and the next push from either side could decide the next big move.
$ZEC