ZEC/USD Smashed Down. What's Next??????

Zcash has lost nearly 9 percent in the past 24 hours. The currency pair is in a deep downtrend showing no signs of recovery. It slides down the red descending trend line and breaks one support area after another.
Alternative text: ZEC/USD Hourly FIBO
Let’s have closer look at ZEC/USD’s fluctuations. The currency pair seems to be unstoppable and falls down all the time without even a minimum correction. By the way, Zcash has left the Top 20 cap cryptocurrencies during the weekend. It has broken through 254.88 in the past several hours and seems to aim other targets that are lower.
Possible scenarios for ZEC/USD are the following:
1. Red scenario (bearish). ZEC/USD will break through the closest support area at $239.79 and move lower.
2. Orange scenario (neutral). The currency pair will jump off the support area at $239.79 and move towards the closest resistance area at $254.88. ZEC/USD will jump off this area and move towards the support.
3. Green scenario (bullish correction). ZEC/USD will break through $254.88 and run targeting the next resistance area at $273.34.

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