ZCASH LOOKING BULLISH4HR Chart:
-ZCASH has retraced 80% - 100% since Jan-Feb.
-Showing good levels of support as it moves up.
-Continuous higher lows shows still in uptrend
-Nice gap between 10/50ma over 200ma
-Knocking on the $200 door and now making new highs.
Watching for retrace and potential buy setups.
Hope you all have a great day! Thanks for your time!
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And remember, don't chase, retrace!
Zcash
Zcash (ZEC) - April 10Hello?
Dear traders, nice to meet you.
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Have a good day.
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You should watch for any movement that deviates from the 187.08-210.27 section.
If it falls, we need to make sure it is supported in the 179.35-187.08 range.
If you go down at 163.90, you need a short stop loss.
However, it may rise along the uptrend line, so careful trading is necessary.
The next volatility period is around April 25th.
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(ZECBTC 1D chart)
We have to see if we can get support at the 3184 Satoshi point and rise above the 3415 Satoshi point.
If it is supported by the 3184 Satoshi branch, it is expected to continue the upward trend.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Zcash/USD - Private, Promising and Persistant!Zcash was built on the original bitcoin codebase in 2016 and was created by professionals from a variety of institutions, for one: MIT scientist John Hopkins. Zcash is similar to many cryptocurrencies, the main difference being its privacy feature, in which Zcash transaction data ARE posted on the blockchain but AREN’T revealing of user’s wallet addresses.
FA:
- A common misconception about bitcoin is that it is anonymous, although criminals using bitcoin to transact may be slightly harder to trace, they are by no means untraceable. On Zcash “Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount.”
- Zcash is one of the early privacy coins, gaining massive amounts of attention in the 2017/2018 bull run where investors tried to get Zcash back to its $30,000 all-time high price point. It still sits relatively high ranking just outside the top 50.
- 21 million total supply with 11.5 million coins in circulation. The 21-million-coin supply is identical to that of bitcoin, a tested model that seems to be working perfectly as demand grows and supply diminishes.
- Zcash also shares another major similarity. In November of 2020, Zcash undertook its first halving. A halving is when the available supply of coins that is getting mined out of each block is, as per the name: cut in half. This means that miners receive half the Zcash for the same amount of effort, over time this will lead to supply shortages and the demand stays the same or increases the price will surge.
- Zcash is on Grayscale Investments, the most well-known investment fund that supports cryptocurrencies. Zcash was one of the first five cryptocurrencies added to the fund by Grayscale and still remains there amongst less than ten cryptocurrencies to this day. This is big news! For a massive company like Grayscale (with over $30.4 billion AUM) to have the confidence to hold Zcash on this trust shows us how the big money is thinking and proves to us that Zcash is not going anywhere.
- The Electric Coin Company (creators of Zcash) seem to be focused on the product they provide rather than exchange listings and price etc. I see this as a positive thing in the long term due to the fact that there is much competition in the privacy coin space and in order for Zcash to stand out (not just in short term price, but when it comes to mass adoption) it is all about fundamentals.
TA:
- Erratic volume spikes, showing that people are still potentially upset with Zcash as it is still infamous for its unbelievable drop in 2016 and 2018 (where people thought it was going back to its 2016 ATH and were caught off guard).
- Possible short-term fractal Identified. After the fractal plays out, we could see some continuation further towards the 2018 ATH.
- Currently breaking above a two-year-long resistance point, no reason why we won’t see a successful break and R/S flip here especially with money following out of bitcoin and into altcoins and the total market cap gaining tens of millions daily.
- Massive potential, with an ATH of over $30,000 (157x). Although it is impossible to guess as to whether it will return to this point, theoretically, if it’s been there before it could go there again.
- On a smaller time, frame such as the four hourly, we can see that Zcash has entered an ascending channel.
- A large amount of resistance before even the 2018 ATH, however the similarities to bitcoin, unlike some other privacy coins, might pull new bull market investors toward Zcash rather than rivals like Monero.
And remember guys, the longer an asset is on the ground - the higher it will stand up!
Buy Big Sell BIGGER -MegaWhale.
Z CashI have some Z Cash I was checking in on, and it is earning money, so I applied my TA on. My plan is to hold until the end of time, ergo, pointless exercise.
I do not keep my crypto on exchanges because my bitcoin got stolen off of them previously. To this day I won't do the math to see how much I lost in that robbery.
Beyond my sob story, point being I cannot use a stop loss because it's just in some stupid but secure wallet. So what is the purpose of doing this analysis? Truly, I do not know.
Maybe I secretly think some of you are liquid billionaires and my analysis will influence the price of Z Cash? I hope that's not why, because that is F**#**% dumb.
Anyway, here is Z-Cash. I don't think any of the normal market rules apply to crypto, so I don't know what to say.
My totally for entertainment and not financial wisdom says buy crypto and hope you aren't targeted by cyber criminals. What a world we live in.
Zcash is a very promising crypto to invest its capitalTechnical analysis regarding the price of ZCASH in relation of dollar Tether for the next scenarios, based on daily movement.
Financial volume coming in and causing the price to rise, the RSI is following this sharp upward movement in the price of ZCASH, which has been well valued in recent days and which is a good bet for making your capital profitable. Price can fetch such a projection, based on Fibonacci levels.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
ZEC/USDT bullish movement can happen easily.Hi every one
ZCASH / TETHERUS
ZEC/USDT was in a symmetrical triangle but now the upward break out has happened so the price can increase as much as the measured price movement easily.(AB=CD)
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
ZCASH waiting for the 3rd ImpulseHi everyone,
Fundamental:
Altcoins are on the rise and Zcash is not an exception. It is one of the best in privacy terms fighting with Monero and Dash as a method of payment.
Trend:
It has now been consolidating for 1 month and probably going to break the triangle soon, upwards is more possible due to the previous trend.
Objective:
Triangle height and 3r Fibo impulse have pretty much the same objective: 235$.
Learn:
I shall remind you 3r impulses as not as certain as second. I shall remind you as well that after the 3rd impulse there's an a-b-c correction before continuing the long term trend.
Enjoy and good luck!
Zcash formed bullish Cypher for upto 70% moveHi dear patrons, hope you are well and welcome to the new update on Zcash coin.
On the weekly time frame chart, the price action of ZEC has completed the bullish Cypher .
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ZCASH : PRICE ACTION IN HIGH TMF - PRICE IS GROWING ! 🔔Hello Everyone ! ! I hope you'll Appreciate our Advanced Analysis on Price Action !
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