Short term neutral until ZEC crosses back above the 100 day moving avg (pink line). Watching to see if ZEC follows blue line 4 or blue line 5 (red lines x,y and z will offer support or resistance in zone 4). ZEC has built a pennant formation (blue lines 4 and 5) with nice decreasing volume (red circle zone 4). If ZEC crosses above the upper diagonal trend line #5, the 100 day moving average and above line 4, we will have a breakout of the handle formation (into zone 3). ZEC should build support at long term support area (red line z) and the 38% retracement. A move out of the handle could signal buying in which case we could see ZEC straddle support line 2 up to the 23% retracement before testing previous highs. Could see more of a dip first. Strong support at red line x and the 62% retracement (~0.05 btc). If line x is breached to the downside, look out below!