Earlier there were lot of TA about ZcashBTC breakout. And I just got to know that the research paper about zero knowledge proof was published today. ( https://eprint.iacr.org/2018/046 )
So I opened the chart and thought to look at the bigger picture.
I think is forming as there is quite a high after the second bottom. We can only be sure about that after it has broken that middle top.
Note: Please don't take this as a financial advice and don't judge. Please correct me if I am wrong. I am a novice trader at very early stage. I don't know much as of now. Currently reading of Financial Markets: A Comprehensive Guide by John Murphy.