When simply looking at the order blocks for $ZEC, you can see that there are only two on the daily chart. Price is falling through the current order block without too much resistance so far. You can see that the 1K target area is below that order block. If the 1K level and order block above it fail to hold price, it's much more likely that price falls to my ultimate target area around the $700 range. It's not coincidence that this target sits near the middle of the order block in confluence with the macro .382 and lower rail of the macro structure. All we can do is sit back and watch to see what plays out as I've given you multiple scenarios to consider. I do pray for all the people who have been caught offsides in this correction as I've tried as much as possible to warn them of this being a possibility!
Eric Van Tassel (Not a Financial Advisor!)Share
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