6.9 Afternoon ZEC Market Analysis Poem Yuan's View


After plummeting from the 644 high point to the 250 low point, it quickly rebounded, currently back to around 477, recovering most of the decline.
Moving average support: Continuous bullish candles pushing higher, buying pressure is strong, market sentiment has shifted from bearish to bullish.
Momentum enhancement: MACD indicator forms a bullish crossover at a low point, the fast and slow lines diverge upward and break through the zero line.
Volume support: Green energy bars continue to expand, indicating sufficient upward momentum, with short-term inertia to push higher.

Resistance level: 480 - 500 (previous dense trading zone and integer threshold).

Support level: 420 - 430 (recent correction low area).

Trading Suggestions:
If it can effectively break through and hold above 480, it is expected to further challenge the 550-600 range; if it is blocked around 480, it may retrace to 430 to confirm support. $BTC $ETH $ZEC
BTC-1.79%
ETH-1.34%
ZEC6.78%
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