Using the current price for #ZEC as a local top creates pretty compelling confluence. The .618 fib retracement aligns perfectly with the previous high. As well, the 200 SMA is working in that direction on the daily. Putting all that together could indicate a pullback to around $400, which is also in perfect alignment with the .618, at some time around the last week in May. That's a significant amount of confluence and enough to support this thesis. As you know, no guarantees, just analysis based on probabilities. Could it still go higher? Sure, but the higher it goes without a solid reset, the more fragile structure gets!
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