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Zcash

ZCash is on the verge of breaking out of an Ascending Triangle.Zcash is the one coin I don't want to chart about, I'd like it to stay cheap for a few years to accumulate, lmao. It appears as though Zcash is about to break the red horizontal resistance of the pattern, and if not the green upward sloping support will need to hold for any validity of the pattern. Unless there's a fake-out to the downside. On the RSI there is an Ascending Triangle pattern similar to the price, there's a series of higher lows and moderately higher highs at the horizontal resistance of the pattern. The horizontal resistance dates back into February and probably longer if I charted a longer time frame, it's possible Zcash sees some rejection. If there is some strong resistance at the horizontal area of the pattern I have drawn a hypothetical scenario in blue. The KST is displaying a bullish cross where I have placed the blue downward-sloping finger.
COINBASE:ZECUSDLong
by ScotianBot
4
Zec/USDT - 1DayZcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions. Contrary to a common misunderstanding, the majority of cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but rather pseudonymous; while they do not explicitly reveal the identities of their users, each user has their own public address or addresses which can be traced back to them via the methods of data science and blockchain forensics. Zcash transactions, on the other hand, still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance. Zcash was first released on October 28, 2016, and it was originally based on Bitcoin’s codebase. (CMC)
by Rangzine
🔥Global trending Zcash ZEC/USDSupport the idea with like!❤️ #ZEC/USD 📌Global trending ZEC 🔹Analysis: The price has reached the global trend line, in my opinion this is a good point for a long, please note that the asset is moving in an expanding channel. I do not give exact points for entry-exit. Resistance lines - possible sell / correction, you can fix part of the position. All goals are shown on the chart. This is just my opinion, it may not coincide with yours.
Long
by MoneyMakerTrade
36
ZCash (ZEC/USD) Potential Launch to 40% GainsZCash has been consolidating and it's looking now like it may launch very soon. All eyes are on 'Big Daddy' BTC right now. If the bulls continue to prevail and BTC enters the (v) Elliott Wave buying climax, ZCash should follow. So keep an eye on this set-up for some potential quick profits. 40% is solid, though it very well may go higher. Safe trading and good luck to all! This is not financial advice; trade at your own risk. Utilize a stop-loss to mitigate that risk.
BITFINEX:ZECUSDLong
by Amirrahnema
1
How market makers shake you out - ZECDear traders, This is an educational tutorial showing you how market makers shake you out of a long position. Most retail traders would recognize the blue box on the chart as a level of support. Therefore, it makes sense for retail traders to place their stop loss closely below, because in theory the bullish trend should turn bearish when support is broken to the downside. Market makers know how retail traders think and therefore push the price lower with a wick (as visible on the chart). This wick, which dips below support, causes many stop losses to trigger of retail traders. When a retail trader's stop loss triggers (of a long position), it turn into a market sell order as many of you might know. Now.. all these triggered market sell orders create huge buying liquidity for market makers to stack up cheap, without increasing the price instantly, because there is enough buying liquidity (provided by stop losses of retail traders). Be careful where you put your stop loss. You do not want to give up a great entries in a bull market! Goodluck, Doctor Hugo
Education
by Doctorhugo3
1