$ZECUSD Reversal in due? Asc. triangle after downtrend
Price has dropped from $120++ to a low of $47++ since YCash fork event ( almost 61% decrease in USD value )/ based on Bitfinex chart.
$47 has been a strong support for the whole of 2018 and have proved temporary why this is such a significant support.
Price is currently in an ascending triangle formation since the steep downtrend since $120+. I would not be surprised if this is the bottom where accumulation ZZEC for the long term is a no brainer. However, this is highly dependent on
BTC's movements. BTC CANNOT fall below 9.4k in order for 
ZECUSD's reversal. If BTC goes full bear, $40/$34 are the next support regions.
I will be scaling into my ZZEC long relatively soon. IfZECUSD breaks down to $49.64 again (break down from asc triangle structure ), I will be cautious.
$47 has been a strong support for the whole of 2018 and have proved temporary why this is such a significant support.
Price is currently in an ascending triangle formation since the steep downtrend since $120+. I would not be surprised if this is the bottom where accumulation ZZEC for the long term is a no brainer. However, this is highly dependent on
BTC's movements. BTC CANNOT fall below 9.4k in order for ZECUSD's reversal. If BTC goes full bear, $40/$34 are the next support regions. I will be scaling into my ZZEC long relatively soon. If
ZECUSD breaks down to $49.64 again (break down from asc triangle structure ), I will be cautious. 
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.