From TradingView · · 30s
ZEC/USDT Bearish Trend
ZEC price drops below resistance as buyside liquidity sweeps.
In brief
ZEC price drops below resistance as buyside liquidity sweeps. ZEC price fell below 1,258 resistance after buyside liquidity swept the chart. Originally reported by TradingView.
ZEC price action
ZEC price ran the buyside liquidity above 1,258 level and tapped as high as 1,268 area.
Resistance levels
Key resistance is 1,258 to 1,265; current price area 1,234 to 1,238; downside targets 1,200 and 1,182 to 1,175.
Bearish signal
Price rejected 1,258 and is printing lower highs; bearish if price holds below 1,258.
The key point
ZEC price fell below 1,258 resistance after buyside liquidity swept the chart.
