The price could be rejected by this major resistance. A symmetrical triangle is also forming so the rejection could be very strong. Also, the trade could fail completely if this resistance becomes broken.
Bitcoin has suffered from a fast correction as the price had been going up continuously in the last days. Concerning ZEC (and LTC, XTZ), the price stopped at a major support line which indicates that the overall uptrend is not over. It is an interesting moment to long here.