ZCASH Bullish Pitchfork
Updated
I am bullish on all privacy coins, ZCASH, XMR, etc. I specially like ZCASH, since it has the most cutting edge privacy features and its technology will also be used in ETH.
The latest months have brought us improvements in the form of Sapling, which makes ZK-Snarks faster and lighter, important for mobile support. Several institutional players have jumped on board (JPMorgan, Grayscale, etc.).
Ichimoku Cloud is showing that the bull trend is still in good shape, lagging span over price, price over bullish cloud. It may be a little early to commit to this pitchfork, price needs to move and respect the pitchfork key levels. That said, the median line presents a good medium term target, since it is a high probability zone.
My only concern right now, is that BTC needs to range or rally in order for this trade to pan out. If BTC goes down, it may bring other coins down with it.
Good luck!
The latest months have brought us improvements in the form of Sapling, which makes ZK-Snarks faster and lighter, important for mobile support. Several institutional players have jumped on board (JPMorgan, Grayscale, etc.).
Ichimoku Cloud is showing that the bull trend is still in good shape, lagging span over price, price over bullish cloud. It may be a little early to commit to this pitchfork, price needs to move and respect the pitchfork key levels. That said, the median line presents a good medium term target, since it is a high probability zone.
My only concern right now, is that BTC needs to range or rally in order for this trade to pan out. If BTC goes down, it may bring other coins down with it.
Good luck!
Comment
Good progress, we will probably face resistance here in the median.Comment
Median line resitance cleared, let's go for the upper quadrant.Disclaimer
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