Analyst Ardi Says a $1,370 Breakout Would Shift His Zcash Position

Analyst Ardi said a move above $1,370 would lead him to close a Zcash short and turn long, making that level a key trigger in his latest trade outlook.

Ardi described an ascending triangle developing from lows near $1,050. He said ZEC had made several attempts to clear $1,370 while holding a rising trendline, and that a break above the level could put recent highs between $1,500 and $1,700 in view.

Ardi disclosed a short position from $1,420 in a Nov. 1 post. He said failure to clear $1,370 would leave the broader downtrend in place. A break below both the rising trendline and $1,210 support could expose $1,100.

Analyst Crypto Patel warned ZEC could correct another 50%-70%. Patel said the bearish view would stand unless ZEC set a new all-time high above $1,699 and then confirmed a close above that level on a higher-timeframe chart.

ZEC climbed from about $478 in mid-August to $1,701 in late September before retreating, as discussed in earlier coverage of correction risks.