2026-01-03 07:29:05

ZEC has recently formed an arc top pattern on a lower time frame, which is often seen as a bearish signal. In the current market environment, this is a key short position in my hedging portfolio.

However, it still depends on two critical support levels: one is the trend line of the second cycle, and the other is the marked support zone. As long as these two defenses hold, there is still a chance for a rebound.

Looking back at the past month's movement, traders who entered long positions from that low point performed well—30-50% gains are quite substantial. But the current pattern has weakened, and how it will develop next depends on whether these key levels can hold.

ZEC-0,95%

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SatoshiChallenger

· 01-03 07:59

A curved top weakening is indeed true, but I bet this support line still can't hold. Data shows that historically, the breakout rate of this pattern reaches 78%. Is a 30-50% increase considered significant? Ironically, most people have already lost it back during the previous bubble cycle. Objectively speaking, the probability of both defense lines failing simultaneously is much higher than analysts imagine. Support levels are often self-fulfilling illusions; they can be shattered when the next astonishing data appears. Not to be contrarian, but I've seen this technical analysis logic in three bear markets.

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just_another_fish

· 01-03 07:59

The arched top looks good, but I'm still a bit nervous about these two lines, feeling like the support zone might break at any moment. Hmm... The guys who bought higher from the low points need to watch out now; a 30-50% unrealized profit isn't that easy to hold. If we can't hold the key level this time, it looks like we might have to go short later. Are support lines really that reliable? It feels like every time they say it will hold, it still ends up collapsing. Early birds who bought at the low points made a good profit, but once the rhythm changes, it's hard to say. An arched top with a bearish setup... I'm starting to doubt this time. The support zone has been checked over and over so many times, I'm a bit immune to it now. Once the trend line breaks, it's game over. Now we're just waiting for this moment.

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ShadowStaker

· 01-03 07:57

arc tops are textbook bearish setups but honestly the real tell will be if those support levels actually hold or if we're just watching another fake-out. seen this movie before.

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RetiredMiner

· 01-03 07:34

The arc top is a bit dangerous this time, I still feel more comfortable being bearish. It's really troublesome if the support breaks, I'm still observing. That 30-50% gain was indeed satisfying, but now the trend has changed. If we can't hold the key level, we have to run; don't be greedy. The rhythm of ZEC feels a bit off... The pattern has indeed weakened, be cautious. Support is still there, there's hope; once it breaks, I'll cut losses. The previous long position made a lot of profit, now it's time for a short entry. Key levels must be watched closely; if broken, stop loss immediately. This pattern is a bit annoying, next move depends on the support.

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