Technical analysis by CryptoAnalystSignal about Symbol ZEC: Buy recommendation (11 hour ago)

#ZEC The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout. There is a major support area in green at 48.26, representing a strong support point. For inquiries, please leave a comment. We are in a consolidation trend above the 100 Moving Average. Entry price: 52.70 First target: 53.70 Second target: 54.90 Third target: 56.85 Don't forget a simple matter: capital management. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. Thank you.