ZEN bouncing off past yr trend line support+RSI oversold?

As you can see, zen is right at the bottom trendline with big upside potential short term. RSI shows that it may be oversold soon. In the recent past (past 6-12 months) when ZEN has become oversold or near oversold while on the bottom trend line, it has rebounded strong. Another good sign is the volume in the past week has been bigger than it has in previous months. Often times big rebounds happen after big volume sell offs. Combine all of this with BTC nearing what may be a short term low and this can make for a perfect storm for ZEN to rebound very nicely. One last thing to note, if you can see where ZEN came down to the trend line in the recent past (on the daily candles) there have been big wicks indicating that people have probably set buy orders below the trend line to buy up ZEN right below the trend line. I will be scaling in buy orders right below the trend line to as far down as the previous trend line wick break was... hopefully that makes sense. I have circled both bottom trend line wick breaks in the chart. ----- I made this literally hours before BTC took it's $1,000 ish dive in a 24 hour period which I believe is partially due to bithumb being slapped with a 28mil dollar fine and other big exchanges being looked at for "tax reasons".. some major exchanges at that. This is one reason. The bigger reason may be that he CFTC is going to investigate CME's bitcoin futures. If you are a whale that manipulated the market at the time and you find out that an investigation may lead back to you and or your partners... it may be a good time to pull your funds. These are theories but I can't find any better reasons for this huge dump. With that being said, ZEN has fallen below the trend line but lets see if it bounces up in the next few days with a vengeance or if it continues to dump due to BTC doing what it does!