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$ZEC
Watch this T/R combo trying to print as this double-shaded squeeze gathers up more pressure. We back-tested the neckline of this double bottom, but the question remains: do we see the rest of this extension play out first or do we see momentum fall off and pull price back down towards the track line or the neck line again?
With that said, if we get an invalidation of this local top and/or this reversal on LTFs, we could see a further push up with a release of this pressure. Currently sitting under the $449 resistance. Just watch for direction in the next few hours. 👍
In addition, notice where we stand on the Daily. We've now tested the 50DMA again and the MACD looks ready to flip (possibly). If momentum gathers and we break above $450 - 460, there's a good chance for further continuation. Until then, we watch.