This resistance line is the first test of the positive trend and if Zcash breaks through then it could fint its way up to the long descending (dotted). That will be the second important resistance line, formed out of a fib retracement and also a swing .
This point could be the end of the first motive wave, before entering a consolidation along this line and regaining force for the next effort - entering motive wave 3.
As long as Zcash stays below the descending it continues the cycle, so to prove the new EW-wave it has to break this line (motive 2 to 3 at least).
RSI: low but rising
ADX: much momentum, AD- is lowering but AD+ has not yet entered the positive zone
= > perhaps there is not enough dynamic to break through resistance immediately
Stop: if Zcash breaks through support at 232$
Zcash now in corrective wave 2