There are now clear warning signals on the $ZEC daily chart. That triangle pattern? It's breaking down sharply.
We already saw the parabolic structure break—there was that last rally I mentioned before the crash. Now, this breakdown is pointing directly to lows just above $400, and if today's candlestick confirms the move down, it could go even lower.
If we close below this level, things aren't looking good for the bulls. It's time to manage your risk.
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There are now clear warning signals on the $ZEC daily chart. That triangle pattern? It's breaking down sharply.
We already saw the parabolic structure break—there was that last rally I mentioned before the crash. Now, this breakdown is pointing directly to lows just above $400, and if today's candlestick confirms the move down, it could go even lower.
If we close below this level, things aren't looking good for the bulls. It's time to manage your risk.