I was charting this setup expecting ZEC to approach the trendline soon, and it actually broke down while I was analyzing it. The rising yellow trendline has held this entire upswing for weeks, but the 8H, 12H, and even the daily candle all closed cleanly below it.
That officially flips this structure from bullish to bearish.
Why This Break Matters
Daily close under the trendline = confirmed breakdown
Price already tapped the underside once and got rejected
EMA ribbon starting to flip bearish on mid-timeframes
RSI locked in a lower range
MACD showing increasing downside momentum
Classic structure shift: break → retest → continuation.
Retest Still on the Table
We might still see a retest of the yellow trendline from below.
These broken structures often get revisited — especially if momentum pauses or stalls around the $440 area.
As long as ZEC stays below the trendline, the structure remains bearish.
Levels Below
$440 – first significant support
$392 – major demand zone
$320 – deep liquidity zone if selling accelerates
My View
I was preparing to post this before the breakdown, but ZEC moved early. Now I’m watching to see if it wants to retest that trendline before heading toward deeper levels.
Not financial advice — just sharing the read.
P.S. What About Bitcoin?
BTC is still holding its short-term channel, but it's hovering near resistance with weakening momentum on lower timeframes. If BTC pulls back or sweeps liquidity lower, it could accelerate ZEC's downside move. If BTC instead pushes upward, ZEC may still get a retest of the broken trendline — but the structural break on ZEC remains valid either way.
That officially flips this structure from bullish to bearish.
Why This Break Matters
Daily close under the trendline = confirmed breakdown
Price already tapped the underside once and got rejected
EMA ribbon starting to flip bearish on mid-timeframes
RSI locked in a lower range
MACD showing increasing downside momentum
Classic structure shift: break → retest → continuation.
Retest Still on the Table
We might still see a retest of the yellow trendline from below.
These broken structures often get revisited — especially if momentum pauses or stalls around the $440 area.
As long as ZEC stays below the trendline, the structure remains bearish.
Levels Below
$440 – first significant support
$392 – major demand zone
$320 – deep liquidity zone if selling accelerates
My View
I was preparing to post this before the breakdown, but ZEC moved early. Now I’m watching to see if it wants to retest that trendline before heading toward deeper levels.
Not financial advice — just sharing the read.
P.S. What About Bitcoin?
BTC is still holding its short-term channel, but it's hovering near resistance with weakening momentum on lower timeframes. If BTC pulls back or sweeps liquidity lower, it could accelerate ZEC's downside move. If BTC instead pushes upward, ZEC may still get a retest of the broken trendline — but the structural break on ZEC remains valid either way.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.