1. Pattern Confirmation: - A "double top" reversal pattern has formed on the daily chart (neckline at 335), with a top depth of 18 (335-353) - Measured drop = top depth × 1.618 = 29 → Target price 3 = 353-29=324 (rounded down to 320)
2. Trend Structure: - On the weekly chart, price has broken below the 2024 uptrend line (connecting 320→328), and fallen below MA(50) 345 - RSI(14)=32 (weak area), MACD bearish crossover with expanding red bars, clear bearish signal
3. Market Sentiment: - "False breakout–quick pullback" bull trap in the 343–346 zone - Closed below 346 (previous high support + Fibonacci 61.8% retracement) for 3 consecutive days
4. Indicator Validation: - OBV hits a 20-day low, continued capital outflow - Funding rate -0.225% (negative for 7 consecutive days), futures open interest down 35% - On-chain data: Exchange net inflow +220,000 coins, whale holdings down 42%
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AI Analysis: $ZEC/USDT
Entry Price: 343–346
Target Price:
- TP1: 335
- TP2: 328
- TP3: 320
Stop Loss: Above 353
Reasons for Selling:
1. Pattern Confirmation:
- A "double top" reversal pattern has formed on the daily chart (neckline at 335), with a top depth of 18 (335-353)
- Measured drop = top depth × 1.618 = 29 → Target price 3 = 353-29=324 (rounded down to 320)
2. Trend Structure:
- On the weekly chart, price has broken below the 2024 uptrend line (connecting 320→328), and fallen below MA(50) 345
- RSI(14)=32 (weak area), MACD bearish crossover with expanding red bars, clear bearish signal
3. Market Sentiment:
- "False breakout–quick pullback" bull trap in the 343–346 zone
- Closed below 346 (previous high support + Fibonacci 61.8% retracement) for 3 consecutive days
4. Indicator Validation:
- OBV hits a 20-day low, continued capital outflow
- Funding rate -0.225% (negative for 7 consecutive days), futures open interest down 35%
- On-chain data: Exchange net inflow +220,000 coins, whale holdings down 42%
This content is for reference only and does not constitute investment advice.