If you divide the chart in the middle you will see zencash created a support and resistance
line. Inside there we also see a cup&handle formation that broke out perfectly. Now it seems like it has created a new support and resistance
level, instead of a cup&handle we see an abcde correction inside. If the price hits close to E I will take up a major position for the next breakout.
Disclamer: I currently hold no zencash, and this is simply my opinion.