$ZEC The most likely scenario. Given we’ve now lost multiple critical areas of support, it’s more than likely that the chart enters a corrective phase. We did see price increase by almost 250% in a short period of time, so it’s not exactly unexpected to see an extended consolidation. What I’m more concerned about is how much of the move this correction gave back. Price already revisited the breakout pivot from the initial move around $250, which started back in April. That means ZEC gave back practically an entire multi-month rally in just a few days. For now, we’ve seen it reclaim some support, but in my opinion, this is no more than an expected relief rally after a brutal flush. What I think happens next is a rally into the $430-480 resistance region, failure to hold it as support, and then another rollover. Once $350 support is lost, I think the chart likely fulfils that route back somewhere toward the breakout pivot. I’d concede this probability if we see consecutive closes above $520 to reclaim the Complex Head and Shoulders structure. Otherwise, I think this correction has unfinished business.