Trader Ansem: Focus on ZEC support zone and quarterly open breakout
Nov 7, 00:55
On November 7, according to a post by trader Ansem, despite the overall market pullback, ZEC continues to demonstrate strong relative strength. He believes that if the privacy narrative remains in focus and ZEC keeps outperforming Bitcoin, it could rank among the strongest-performing assets next year.
Ansem identifies $1,030 to $1,100 as the primary support range and $1,370 to $1,440 as resistance. He is tracking opportunities for a breakout above the Q4 opening price or a deeper retracement into the support zone, noting that current range-bound volatility remains choppy and offers little reason to force trades in the middle of the range.