Quick update on the chart of $ZEC : The price broke above the upper edge of the triangle, but this is NOT a confirmed breakout. Here’s what really happened structurally: The edge of the triangle has been violated, but the movement was directly toward the main supply and dry liquidity. The volume on the breakout is lower than in previous impulses, and there are still no buyers from initiators.

This type of early breakout often acts as a liquidity grab (liquidity capture) before the price returns to the structure. The macro downtrend and the red supply zone at the top remain intact. The Head and Shoulders idea remains valid until those higher levels on high timeframe closes are broken and held.

Acceptance is a breakout. A wick or a single 1H/4H candle is not validation. In summary: A break of the triangle does not invalidate the larger bearish structure unless we see acceptance in 4H, a successful retest, and continuation through 440-450 with volume. That has not happened.