7.13ZEC

In the early stage, the Hangqing broke out in a step-like ↑ pattern, with lows continuously rising and highs continuously setting new records; the overall trend on a large timeframe is biased toward a long/“bullish” setup. In this round of pullback, there was no volume-spike selloff breaking down through the lower Bollinger Band; it is a low-volume pullback. There has been no sign of large-scale capital fleeing, and the probability is leaning toward a “washing/pumping” move by the main forces. After the washing/pumping ends, there is a chance of restarting the advance to test the previous high at 5.

In the short term, the EMA7 is 535.70; in the medium to long term, the EMA30 is 536.52. Both moving averages remain arranged upward. The short-term price retraces into the moving-average range and receives support, and the moving-average system provides support for the bullish direction. The pullback is a normal retracement/washing action within an ↑ Hangqing.

Advice
At 526-520, bullish target zone 545-560.