I have been tracking this pair for some time now. In my previous post, I stated that an upward break from the bottom pattern would likely be resisted from the pink line that I have now dragged out on the log scale. This line was significant to me back in October as it was initially acting as a rising support in the symmetrical triangle that was formed from the first touch below .0037 BTC, which I was calling the bottom. The price broke down below the pink line and acted as resistance before price fell sharply on the bitcoin short squeeze from About 7.5k -10.5k in a single day. When the price ZEC did break out of the bottom pattern, we can see it was resisted by this pink line. Now the line is sitting just under .01 btc. This could act as a short term target from here. Take it for what it is worth...it is just a line ;)
