Honestly, a bullish pattern is clearly visible on ZEC, and it appears to be forming a bullish ABC structure. Sentiment in this otherwise lifeless market is very bullish on ZEC.
From the point where we placed the red arrow on the chart, ZEC has begun its correction. The bullish move before that arrow was wave A, which is now complete.
Wave B appears to be forming a triangle, and the price is currently completing wave d of this triangle.
On a pullback toward the green zone, we can look for buying opportunities within that area. After wave e completes, we can potentially profit from the larger wave C move.
Targets are marked on the chart.
A daily candle close below the invalidation level would invalidate this analysis.
invalidation level : 217$
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Do you also think ZEC is bullish?