$ZEC / Zcash — another possibility here is a “Busted” Ascending Triangle setup.
In this formation, price breaks down first, sweeps liquidity as a fakeout, then snaps back above the trendline and pushes through the opposite side with strength. $ZEN
Thomas Bulkowski's research found that when a triangle breakdown gets snapped back fast, those failed breaks often produce stronger follow-through than the clean breakouts themselves.$ZEC
Will drop the detailed explanation in the comments.
ZECUSDT
Perp
587.07
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