Sentiment around $ZEC is getting increasingly bearish, but I think we could be getting closer to the end of this correction. The real bearish signal came when price lost $1,420 and broke the daily swing structure. Since then, the move lower has played out, with several rallies failing to gain traction. Now, after weeks of weakness, more people seem convinced that ZEC has no chance of recovering, with some already calling for prices below $500. Personally, I’m careful about getting overly bearish this late in a move. If the macro head-and-shoulders neckline breaks, we could see another liquidity sweep around the previous all-time high as the correction plays out. That doesn't automatically mean a much deeper decline is coming. My base case is still one final move lower, followed by consolidation and eventually a recovery.  #Macro Insights# #Altcoin Season#