$ZEC



Zcash appears to be back-testing after the breakout earlier this week. We've got a confirmed reversal after the push up and the rejection at the $555 resistance; hence, why we are now pulling back towards the track line on the Daily. I would look for some support around the $460 - $480 range.

If we zoom in a little further on the 4HR, you can see that support a little better. Notice how we're already holding at the 100EMA and the $485 support.

That's about it for now. Need price action from here to show us the way. If we hold support well enough, we could consolidate and bounce again. But if we lose this small support area, then we need to reassess. (I'm leaning towards a bounce from this level)
ZEC-7.3%
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