ZEC next week – my raw take straight from the charts + X trenches (posting this myself rn):
Been watching ZEC like a hawk after it got absolutely bodied from 740 → 300 in 3 weeks. Yeah the weekly is still -28% and bleeding, but the daily/4H is starting to smell like a proper oversold mean-reversion setup.
What I’m seeing right now:
- Sitting at $369 after a +18% face-rip today
- RSI (6) bounced from 28 → 40 with bullish divergence
- MACD histogram flattening hard, about to curl green
- Price just reclaimed the 4-year descending wedge bottom (~$310 zone got wicked but held)
- All MAs still stacked bearish overhead (408/530/438 wall) but volume profile shows massive green demand bars exactly where we’re bouncing (350-370)
- Shielded supply creeping up again + privacy narrative heating while every regulator on earth is scared of CBDCs → ZEC is literally the anti-CBDC play
X is pure clown world as usual: half the timeline shorting the dead cat, other half calling for $1k cycle highs. I’m in the camp that says this bounce ain’t done yet.
My base case for next 7-10 days (till after FOMC):
- Long the 350-365 zone hard
- First real target 420-450 (where the MA cluster + supply sits)
- If we clear 450 with volume → 520-600 leg becomes realistic
- Invalidation only on a weekly close under 300 (then yeah we probably flush to 230-250)
Risk: FOMC Wednesday could nuke everything if Powell hawkish, but Fear & Greed at 24 + this much oversold usually prints at least one violent relief leg before any real continuation lower.
Position: Spot bag added at 358 average, small perp long with stop under 340, targeting 420+ scalp. Not financial advice, just a degen who loves privacy coins when they’re this hated