If the 94,000 high is not broken, then this is the stage high point. Short positions can be arranged now, shorting the overall market and ZEC.
The top structure of ZEC has already formed, and it has broken below the neckline support. It has just completed a rebound, and the candlestick pattern shows a bearish engulfing at the neckline. Coupled with the market topping out, the outlook is continued decline with considerable room.
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If the 94,000 high is not broken, then this is the stage high point. Short positions can be arranged now, shorting the overall market and ZEC.
The top structure of ZEC has already formed, and it has broken below the neckline support. It has just completed a rebound, and the candlestick pattern shows a bearish engulfing at the neckline. Coupled with the market topping out, the outlook is continued decline with considerable room.