Here is the fine detail of the consolidation happening for $ZEC on the 15M chart right at the neckline. A descending triangle after a down trend is typically not what you want to see if you're looking for a reversal. It is usually considered a bear flag structure. Could it break back up? That's a possibility in the short term since there is some bullish divergence in the RSI. However, that doesn't override the macro analysis. Look for another possible short term bounce again as price nears the apex to draw in late longs and leverage traders. This is just and FYI:)
Eric Van Tassel (Not a Financial Advisor!)Share
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