Check if it can rise above 422.80

Hello? Hello, traders.

If you "Follow" us, you'll always get the latest information quickly.
Have a great day.

-------------------------------------

(ZECUSDT 1D Chart)

After a sharp rise, the price is showing a sharp decline.

The key to a bullish turn is whether the price can rise above 422.80 and hold.

If the uptrend fails, we need to check for support around 216.60.

If it falls below 216.60, it's likely to take time to rise again.


Although the price is showing a short-term downtrend, falling below the M-Signal indicator on the 1D chart, it should be considered an ongoing uptrend because the M-Signal indicator on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart is arranged in this order.

Therefore, if the M-Signal indicator on the 1W chart declines, consider whether it can find support near the M-Signal indicator on the 1M chart and consider a response plan.

Therefore, the movement when the price falls to around 216.60 is crucial.

There is a possibility that the price will rise above the OBV High indicator, sustaining the price and indicating further upward movement.

However, since the OBV Low indicator is still above the OBV High indicator, a sideways movement seems likely.

-
Thank you for reading to the end.
We wish you successful trading.

--------------------------------------------------