ZEC has broken through an Inverse Head and Shoulders formation and is currently retesting the neckline which also has been a strong support/resistance line. If this hold we can expect to see ZEC move to the next order block which is coincidentally where the inverse head and shoulders target would also be.
The only issue is that the volume was not there on the iH&S breakout which is why I am now watching how it reacts on this retest of the breakout/order block.
The only issue is that the volume was not there on the iH&S breakout which is why I am now watching how it reacts on this retest of the breakout/order block.