At this point, it has fallen back into a major support , and coupled with the bitcoin , I would expect the price in USD will get to a point where we see a reversal in the zcash vs bitcoin . Personally, I think with all the privacy talk ( Facebook selling data), privacy coins have a good chance for some attention. Zcash seems under appreciated and it seems to have finished a bubble cycle.
So what is the play?
I am probably going to set buys or open long positions between 0.026 and 0.022. If we set a new all time low (below 0.0165), all bets are off and it will need to find a new bottom.
I will add updates as this trade progresses. For now, I am of the opinion this is an excellent zone to accumulate and it is one coin I believe has serious upward potential. The is curling down which means people are still selling; hopefully the holds.
**NOT INVESTMENT ADVICE/DO YOUR OWN RESEARCH**