$ZEC trading inside a clean descending channel on the 4H. Series of lower highs and lower lows respecting both trendlines, with $ZEC currently rotating near the mid-to-lower boundary. Bounces have been weak and corrective, failing to reclaim the channel high. As long as structure holds, bias for $ZEC remains bearish toward the lower channel support. A decisive breakout above the upper trendline would be the first sign of momentum shift. Until then, rallies look like sell-the-rip opportunities within trend.
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Chart Request: #ZEC
$ZEC trading inside a clean descending channel on the 4H. Series of lower highs and lower lows respecting both trendlines, with $ZEC currently rotating near the mid-to-lower boundary. Bounces have been weak and corrective, failing to reclaim the channel high.
As long as structure holds, bias for $ZEC remains bearish toward the lower channel support. A decisive breakout above the upper trendline would be the first sign of momentum shift. Until then, rallies look like sell-the-rip opportunities within trend.