We are probably still in accumulation mode with ZEC in my opinion. Meaning, we more than likely will continue our current path down the lower accumulation channel. We just happen to be at and/or near the point of recorded resistance from history at the yellow resistance line.
I will leave it up to you (the trader) to determine what to do here at this yellow...
I began to consider our current up thrusts with BTCUSD while searching for Preliminary Support for ZECBTC. Then it dawned on me, with BTC pumping like this in US Dollars, it would be impossible for me to figure out PS for ZEC in BTC instead of US Dollars. Hence, the epiphany I spoke of in my ZECBTC publication.
The Weekly was too big of a time frame to TRY to...
