Like the rest of the market, ZZEC entered a big selloff with 
BTC today and has been recovering. Right now ZEC is on the .382 fib and it's right where the trendline meets. Just entered at the bottom of the triangle pattern anticipating a break to the upside. Need to have some volume to it and the volume monitors are flashing ZEC now so that's a good sign. If it breaks upwards it could retrace briefly on a pullback to retest the triangle before moving. That's another great entry point. Stop Loss set right below - if it breaks down it's an immediate sell.
BTC today and has been recovering. Right now ZEC is on the .382 fib and it's right where the trendline meets. Just entered at the bottom of the triangle pattern anticipating a break to the upside. Need to have some volume to it and the volume monitors are flashing ZEC now so that's a good sign. If it breaks upwards it could retrace briefly on a pullback to retest the triangle before moving. That's another great entry point. Stop Loss set right below - if it breaks down it's an immediate sell.Note
Broke below due to a BTC move but recovered nicely and found some volume. It will move up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.