Ichimoku analysis (4-hour chart)
Tenken-Sen- $34.60
Kijun-Sen- $31.55
Re-test level- 34.80
ZECUSD showed a nice pullback after a minor correction.
Any daily close above $52 confirms further bullishness.
ZECUSD gained more than 45% in the past three days. The pair holds above the short-term (21 and 55 EMA) and the long-term moving average in the 4-hour chart. It hit a high of $37.70 and is currently trading around $37.28.
The bullish invalidation can happen if the pair closes below $25. On the lower side, the near-term support is $31.Any close below targets $27.80/$25.
The pair's near-term resistance is around $3. Any breach above confirms minor bullishness. A jump to $40/$45 is possible. A surge past $52 will take it to $60.
It is good to buy on dips around $35 with SL around $31 for TP of $52.
