ZECUSD; Double and rounding bottom

A double bottom started off some upside, also as the RSI indicator did not confirm the lower lows. And with the latest rise, a rounding bottom can be seen also.

What is lacking is the breakout above horizontal resistance around 227/228 which served as support back in May. A better move above this area should trigger a leg up where the 300 area is the projected target short-term. In a wider view, the first significant Fibonnaci level is seen around 400.

With the possible bullish indications, a rise above 227/228 is likely near term but today there is a little setback from resistance again. Look for support on dips around 205 and especially the Bollinger Bands midline around 185. Bulls should defend there to keep there chances.