Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
ZEC has been overall bearish trading inside the red wedge pattern and it lately rejected a weekly support zone 35 - 40
The bulls are clearly pushing as price make a higher low.
🏹For the bulls to take over, thus have a shift in momentum from bearish to bullish , we need a break above the last major high in blue.
The blue zone is also a resistance zone and round number 50.0
Meanwhile, until the buy is activated, ZEC would be overall bearish and can still trade lower inside the weekly support. In this case, as price approaches the 35-40 again we will be looking for short-term buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich