DancingWithTheMarketLeaders
AI Analysis: $ZEC/USDT
Entry Price: 343–346
Target Price:
- TP1: 335
- TP2: 328
- TP3: 320
Stop Loss: Above 353
Reasons for Selling:
1. Pattern Confirmation:
- A "double top" reversal pattern has formed on the daily chart (neckline at 335), with a top depth of 18 (335-353)
- Measured drop = top depth × 1.618 = 29 → Target price 3 = 353-29=324 (rounded down to 320)
2. Trend Structure:
- On the weekly chart, price has broken below the 2024 uptrend line (connecting 320→328), and fallen below MA(50) 345
- RSI(14)=32 (weak area), MACD bearish crossover with expanding red bars, clear
Entry Price: 343–346
Target Price:
- TP1: 335
- TP2: 328
- TP3: 320
Stop Loss: Above 353
Reasons for Selling:
1. Pattern Confirmation:
- A "double top" reversal pattern has formed on the daily chart (neckline at 335), with a top depth of 18 (335-353)
- Measured drop = top depth × 1.618 = 29 → Target price 3 = 353-29=324 (rounded down to 320)
2. Trend Structure:
- On the weekly chart, price has broken below the 2024 uptrend line (connecting 320→328), and fallen below MA(50) 345
- RSI(14)=32 (weak area), MACD bearish crossover with expanding red bars, clear
ZEC-7.02%
[The user has shared his/her trading data. Go to the App to view more.]
