$ZEC

Looks like Zcash got pulled back a bit with the market, nothing too crazy. Another dip initiated by this shaded squeeze, into a local bottom below, and then creating a new local support below on the 4HR (you can see the old support below). It could create a brand new double bottom depending on where it holds and reverses.

The biggest thing to note is HTFs right now. The Daily has a squeeze breakdown arrow currently in progress from the volatility, and the Weekly also has a volatility squeeze that has yet to be released. The only question is if it holds here after the FOMC volatility and reverses back up (which will be great for that Weekly squeeze), or if it breaks down a bit further first before reversing. I don't expect the latter to play out, but something to note as a possibility anyway. The last thing we should note is the golden cross that's on the horizon on the Weekly for the first time since inception. This huge setup will most likely spawn some big candles to the upside in the coming weeks/months ahead. 🤝

TLDR: Bullish mid-to-long-term. Short-term is up in the air still from all the volatility. Just have to be patient for the higher timeframes to play out.