ZEC continues to slide against BTC today, as the Zcash community waits for the all-important announcement from Coinbase to kickstart a reversal. Today the asset has fallen a further -3.27% against the #1 cryptocurrency, with a marked decline in trading volume over the last four days. In the news, Zcash has recently received support from the crypto wallet service provider Magnum as well as a new exchange listing on Blockport. However, these announcements have yet to trigger any noticeable change in sentiment as ZEC traders continue to exit out of the cryptocurrency.

On the 1hr ZEC/BTC chart, we can see that Zcash has been oscillating inside of a falling wedge pattern for the last three days, as bearish traders take control of the asset. The current support at 0.01755BTC allowed bulls to re…

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