Zcash Eyes $80-$100 as Bullish Momentum Builds!Welcome to another analysis where we take a look at Zcash!
Zcash is a well-established cryptocurrency with significant potential for future growth!
Recent market activity shows increasing volume for Zcash, including a notable volume spike that pushed its price above the previous high, indicating a potential market shift. Additionally, the 20-day moving average (MA) is approaching a bullish crossover with the 50-day MA, further suggesting a positive trend.
In my assessment, the Zcash chart is currently very promising. For those considering an entry, a strategic buying range would be between $28 and $31, aligning with the 50/20 MA levels.
Historically, Zcash reached a peak of $700 in January 2018. While that level might be ambitious in the short term, a more attainable target for intraday trades would be the $50 range, with a potential upside to $80-$100 where we see a decending trendline from 2021 and more strong ressistance.
The current setup offers a favorable risk/reward profile, with stop-loss levels recommended below the previous low, around $20-$25, depending on your risk tolerance.
Zcash's breakout coincides with BTC dominance encountering strong resistance, and the increasing strength of various altcoins. Additionally, the Russell 2000 index is nearing a breakout, showing investor appetite for smaller-cap stocks and riskier assets.
Thanks for reading and good luck with your trading!
Make sure to follow me on X for more weekly updates: @PuppyNakamoto
BINANCE:ZECUSDT COINBASE:ZECUSD KRAKEN:ZECUSD GEMINI:ZECUSD
Risingvolume
VRM Massive Falling Wedge on Bullish DivergenceI haven`t seen a chart pattern more bullish than this: Falling Wedge combined with Rising Volume, Bullish Divergence and Strong Analyst Raring.
I think we might see a spike to the $5.95 resistance this month!
Looking forward to read your opinion about it.
How clever are Clever Leaves investors?Nice gap up candlestick and rising volume... is this an initiation gap up or a short term short squeeze/ bear rally? Awaiting to see how it behaves in the next sessions around the gap, in case it half closes it and then moves upwards i am going to start my initial position and build gradually from there.
ADAUSD 7/9/2019 Incoming liquidityGood day followers! I have come to you with a great summary update of ADA and what has happened since June. Price is currently at my buy zone to add a new entry. I believe we are slowly rising with a wedge formation and will have a take off in the near future. Please refer to all ADA ideas I have posted in the past. We have been buyers since .022 - .03 and some of us even lower! I see price extending as low as .068 now but I think .076 is a good enough entry for me. Please like, follow, and comment for support! As always trade with risk management and thank you for following! I hope you enjoy this idea!
Liquidity Entry and ada payments in japan :
In recent news, Cardano has signed up with AlgoZ. AlgoZ is a market maker solution to unlock liquidity for digital assets. Also, payments in ada have expanded in Japan in a popular chain restaurant. This will surely raise some awareness.
Development work since June :
Sieza: Staking platform simulator will be integrated into Sieza allowing investors to simulate what the staking results would bring in ROI%. It will also allow you to see other staking pools and the history of staking pools.
Sieza 1.1 update was released -
Sieza Dark theme integrated -
YoroiWallet : Staking platform will be directly connected to the Yoroi wallet. You will be able to stake from the mobile application and extension.
Update 1.7 successful - Full GUI change
****ALSO ****You can now send all money with a "SEND ALL" button
Updated languages : Italian and Spanish
YoroiWallet 1.8 update will allow you to hide your balance.
Shelley Support : Shelley stake pools are working and minor bugs have been cleaned.
Jormungandr , a node implementation, written in rust, with the initial aim to support the Ouroboros type of consensus protocol; is almost complete on Github. It will be integrated with the client line interface (CLI)
(A node is a participant of a blockchain network, continuously making, sending, receiving, and validating blocks. Each node is responsible to make sure that all the rules of the protocol are followed.)
sidenote: Both Daedalus and Yoroi wallet will work with Jormungandr so do not worry**
Architecture changes to Shelley :
Delegation has been simplified, U used to have to have a staking key, now you can now just the wallet to the delegation pool.
Cryptography has been re-organized for simplification.
Growth of the ecosystem:
Plutos team : The Plutus team worked on dynamic built-in types and integrated support for GraphQL. They also rearranged the structure of some modules in Plutus Tx and made usability improvements to the Plutus Playgrounds use cases. Benchmarks for signature verification and multi signatures were also added to these use cases as well as some PIR tests. Some fixes were also made to the stack.yaml configuration file.
The Marlowe team have renamed Meadow to Marlowe Playground. They also worked on some Marlowe Playground front end logic tests.
The Education team are finishing the initial chapters of the Plutus ebook, which are expected to be delivered next week.
News that follows this information :
Emergo Update
www.youtube.com
Weekly tech Report
www.cardano.org
Staking center: twitter.com
Yoroi 1.7: twitter.com
Yoroi 1.8: github.com
Jormungandr: input-output-hk.github.io
Ada payment in Japan : www.fxstreet.com
Q&A: Florian and Albert going into specifics on how EMURGO is driving #Cardano adoption.
youtu.be
Cardano Foundation new staff: twitter.com
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Extra Neat info: Copied text from source below
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Symphony 2.0: a 3D explorer through which anyone can traverse the topographic history of the Bitcoin blockchain, from the first transaction to the most recent. Compared with the first version, Symphony 2.0 goes deeper in every way. It drills down into transaction data to create a live soundscape – each block has its own unique audio signature – using data-driven sound synthesis. It looks like this:
iohk.io
TSLA looks bullish here & could b/o of downward channel Looks bullish here as it is touching the top trendline of the downward sloping channel that's been in place since 9/14'......it is at this big resistance lvl. of the upper trendline of the downward channel and could b/o thru this week w/ tgt.#1=216 & then tgt.#2=220. Had a pre b/o day today w/ larger positive volume than yesterday......as always watch volume for confirmation and also watch for a any fake b/o's and then reversals