After the initial up move from status, followed by some healthy consolidation, status is looking primed. Bollinger bands squeezing, indicating a move in either direction is due. Currently sitting on cloud support, as well as the 50% fib retracement of the entire move. Adding to that, the stochastic RSI is at the bottom for most of the mid to high timeframes,...
After what seemed like an endless amount of downward momentum on ZEC, it might look like a bottom is finally in. It looks like an Adam Eve pattern might confirm once the horizontal trendline breaks, which would signal a possible reversal for the ZEC/BTC pair.
Handle may be currently forming. However, it is rather deep down for it to be a textbook handle. Therefore, I think a smaller cup may be forming, approaching the test of the resistance trendline between 720-800k, followed by the forming of the handle before *finally* seeing a breakout.
Triangle likely to break up if EEA3 announcement will be made before the end of June - 500 dollars might get tested.
Price hovering around median line , TK-recross on the 2h with price above cloud + EEA3 should be the catalyst for a strong spike. 500-600$ is a possibility before July.