ZEC/USDT - Symmetrical Triangle Before the Next Big Move?
ZEC/USDT on the daily timeframe is currently showing a major consolidation phase after a strong impulsive rally. Price action is moving sideways with decreasing volatility, indicating a critical decision zone where the market is preparing for its next major move.
The overall structure clearly forms a Symmetrical Triangle, reflecting a balance between buyers and sellers.
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Pattern Explanation
The visible pattern is a Symmetrical Triangle, characterized by:
Lower Highs (LH) forming a descending resistance line
Higher Lows (HL) forming an ascending support line
Gradually decreasing volatility during the pattern formation
This pattern is considered neutral by nature:
Upside breakout → bullish continuation
Downside breakdown → deeper correction or distribution
Since this structure forms after a strong uptrend, traders should also be cautious of potential fake breakouts.
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Key Levels
Major Resistance:
700 – 750 USDT (previous high & strong supply zone)
Triangle Resistance:
Upper boundary of the triangle (dynamic resistance)
Triangle Support:
Lower boundary of the triangle (dynamic support)
Key Supports:
518 USDT
Psychological support zone at 440 – 460 USDT
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Bullish Scenario
Price breaks above the upper triangle resistance with a strong daily close
Volume expansion confirms the breakout
Upside targets:
Target 1: 700 USDT
Target 2: 750 USDT (previous high)
Extended target: 850 – 900 USDT if bullish momentum continues
A valid breakout would indicate trend continuation and the beginning of a new markup phase.
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Bearish Scenario
Price fails to break the triangle resistance
Breakdown and daily close below the triangle support
Selling pressure increases
Downside targets:
Target 1: 518 USDT
Target 2: 460 – 440 USDT
Worst case: retest of the previous demand zone below
A confirmed breakdown suggests distribution and a healthy correction before any potential long-term continuation.
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Conclusion
ZEC/USDT is currently at a critical decision point. The Symmetrical Triangle structure signals compressed price action and stored momentum. The breakout direction will define the next major trend, making confirmation candles and volume essential before entering any position.
Patience is key — avoid entries inside the triangle and wait for confirmation.
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source https://www.tradingview.com/chart/ZECUSDT/XyjBTWmJ-ZEC-USDT-Symmetrical-Triangle-Before-the-Next-Big-Move/
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