Price has dropped from $120++ to a low of $47++ since YCash fork event ( almost 61% decrease in USD value )/ based on Bitfinex chart.
$47 has been a strong support for the whole of 2018 and have proved temporary why this is such a significant support.
Price is currently in an ascending triangle formation since the steep downtrend since $120+. I would not be surprised if this is the bottom where accumulation ZZEC for the long term is a no brainer. However, this is highly dependent on
BTC's movements. BTC CANNOT fall below $9.4k in order for 
ZECUSD's reversal. If BTC goes full bear, $40/$34 are the next support regions.
I will be scaling into my ZZEC long relatively soon. IfZECUSD breaks down to $49.64 again (break down from asc triangle structure ), I will be cautious.
$47 has been a strong support for the whole of 2018 and have proved temporary why this is such a significant support.
Price is currently in an ascending triangle formation since the steep downtrend since $120+. I would not be surprised if this is the bottom where accumulation ZZEC for the long term is a no brainer. However, this is highly dependent on
BTC's movements. BTC CANNOT fall below $9.4k in order for ZECUSD's reversal. If BTC goes full bear, $40/$34 are the next support regions. I will be scaling into my ZZEC long relatively soon. If
ZECUSD breaks down to $49.64 again (break down from asc triangle structure ), I will be cautious. 
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