Zcash reversal. Favorable risk/reward.
The overall pattern we have been seeing is that the uptrend kept losing momentum, eventually turning into sideways then reversing to trending downwards. I have drawn the two trend lines more of an average price range rather than hard support/resistance. I see this going two ways: the price reverses and goes back into the price range, or moves sideways within/just above the orange lines, or takes an entirely new trend. Either way the risk/reward is favorable for a long position since the previous support appears to be holding. The blue zones represent overbought/undersold if the price is being viewed as sideways movement. Use the support I drew at the bottom of the wedge as confirmation.
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