My view is that it will take some time for the reduced emission to translate into higher prices (33% to 12.5% post halving). Considering the production cost, price will have to gravitate towards 100$. If the overall market conditions remain favourable, I think ZEC might be set up for a supply shock where price can move toward the green channel or even significantly higher in 2021.
Looking at ZECBTC, the bottomless pair seems like it may hav found a local bottom (for now). This may have been a capitulation moment sparked by the recent SEC related FUD, or just post-halving volatility. I would like to move into the new year a bit higher, but patience is the name of the game with this one.