$ZEC #zec , I have a complete technical analysis of ZEC/USDT (1D time frame) in a simple and clear way:
🔹 Current Situation (Price Action)
Current Price: 423 USDT
Previous High: 560
Previous Low: 361
The price is now in a relief bounce after a major downtrend.
🔹 Moving Averages (Key Indicators)
MA(7): 408 → Short-term support
MA(25): 463 → Strong resistance
MA(99): 427 → Very important level (price is around it)
👉 Staying below MA(99) is still a bearish signal
👉 Staying above MA(7) is a temporary bullish
🔹 Trend Analysis
Overall Trend = Bearish
Recent candles are showing:
Lower Highs
Lower Lows
Trend reversal not confirmed yet
🔹 Support & Resistance
🟢 Strong Supports
406 – 400 (Immediate Support)
361 – 350 (Major Demand Zone)
🔴 Strong Resistances
427 – 430 (MA99 + Resistance)
460 – 470 (MA25)
515 – 560 (Strong Supply Zone)
🔹 Volume Analysis
High volume on down move
Low volume on bounce
📌 This indicates that:
Buyers are weak
Smart money has not fully entered yet
🔹 Candlestick Structure
Bounced from 361 ✔️
But there are long wicks above → selling pressure
Strong bullish engulfing has not yet formed ❌
🔹 Possible Scenarios
🔵 Scenario 1 (Bullish – with condition)
If:
Daily candle closes above 430
Volume increases
Then:
Target: 460 → 515
🔴 Scenario 2 (Bearish – more strong)
If:
Price closes below 406
Then:
Target: 380 → 361
If 361 breaks, 320 can also come
🔹 Trading Plan (Education Purpose)
📈 Short Term Trade
Buy zone: 400 – 410
Stop loss: 389
TP: 430 – 460
📉 Sell / Short Zone
Sell near: 460 – 470
SL: 485
TP: 406 → 361
🔹 Final Verdict
🔸 Trend is bearish right now
🔸 Bounce seems to be only temporary relief
🔸 Long is risky without daily close above 460