Zcash
ZEC- King of anon coins (Multi-time frame analysis)By far, the most sophisticated anon and privacy-focused coin in the crypto world with its zk-SNARKs (zero-knowledge proof cryptography). Vitalik and Snowden vouch for Zcash and Zooko is behind it and there is a dedicated group of experienced cryptographers and engineers working on it. Yes, sometimes, you have to sacrifice a little bit of decentralized feature in exchange for centralized efficiency.
Now that the controversial founder's reward is gone and the high inflation rate is cut in half after the November's halving, I expect ZEC fundamental to be strengthened which will in turn attract more investors.
Dash (check my Dash posts below) may have more daily active addresses and transaction per day than ZEC, but ZEC has the highest daily transaction volume among the big three anon/privacy-focused coins (ZEC, XMR, DASH).
Weekly chart has just turned bullish as shown by most technical indicators. ZEC seems like it's ready for the breakout as it's extremely undervalued.
Time to accumulate ZEC and place the stoploss below $50.
Just my opinion. Not the investment advice.
💡 Don't miss the great buy opportunity in Zcash/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00395). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Zcash/Bitcoin (ZECBTC) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 0.004160
TP2= @ 0.004320
TP3= @ 0.004500
TP4= @ 0.004680
TP5= @ 0.005000
SL= Break below S2
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💡 Don't miss the great buy opportunity in Zcash/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00395). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Zcash/Bitcoin (ZECBTC) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 0.004160
TP2= @ 0.004320
TP3= @ 0.004500
TP4= @ 0.004680
TP5= @ 0.005000
SL= Break below S2
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ZEC Falling Wedge & Double Bottom Thanksgiving GiftLikely to see some bullish action resume if zcash holds the $65 level. I expect a pretty strong impulse if we do, most likely taking out the recent high.
ZEC Falling Wedge Breakout Soon To Be Decided Big falling wedge pattern in ZEC/USD.
$70 is key support level. Price briefly tested this area recently. Would make a great base for a huge leg up. In order to confirm breakout of the falling wedge we will need a candle body close above the light grey diagonal resistance line. Look for a retest upon break out but sentiment could switch to bulls quickly.
Also we might have a golden cross on the daily candle, after xrp daily candle had a golden cross the following day saw a 50% pump .
Interestingly, a 50% pump would take ZEC to the majorly anticipated resistance around $110.
Most intraday timeframes are in overbought territory in Stoch RSI .
What will ZEC do? (prob 100x in a year like BTC did after its first halving)
Not investment advice.
ZCASH (ZEC) Bottomed Outlet's take a look at this amazing setup #zec
zec price now at bottom
price is bouncing off the support with great volume 14% up from the bottom zone
if we have very good weekly close and price make the really good bounce than we will definitely buy the retest of this coin
if you want to buy than buy under 0.004 satoshi and hold
ZCash in Strong Impulse.I lost the count of the number of fractal patterns at play here now. But they are real, because I have confirmed an impulse. Immediate Fib Targets are 70.6, 71.52, 72.79. Invalidation is of course in red, as usual. Don't forget, none of this, and any of my posts, is ever financial advice. It is important that you educate yourselves, and make your own financial decisions.
ZEC/USD On The Way To $85!All information can be found on the chart. I tried to make it as self-explanatory as possible. In case you still have any questions, free free to leave a comment or send me a personal message.
ZCASH WEEKLY AND DAILY REVIEW.Price is at a a key level and considering the hype and positive reviews, we all know Zcash will definitely increase in price.
From a technical analysis point of view, the first price target will be the top of the ascending channel with a possible continuation to the previous supply zone after which we might see price slowly dwindle down to form new lower lows.
The overall current momentum is bullish at the moment and we only look for buys in the next couple of weeks.
Leave a like ,folow and comment on a pair youdlike to see me review next. Stay Winning.
Possible Future For Zcash --> Supply Halving 2020 The white line on this chart represents the second in history and most recent Bitcoin halving. Notice the bullish price action that followed. Simple economics really. Supply is reduced whilst demand increases.
I believe the same future lies ahead for ZEC. A privacy minded fork of BTC that has survived this market for years. There was much dislike for an initial high inflation rate with this coin. Either way the supply was cut in half today and I think few are paying attention. Along with the inflation rate is a founders reward. The upside to the reward in my opinion is a well funded project.
This post is for me to document my frame of mind and look back on it in 12-18 months to see what fate delivered. Not investment advice.
After first BTC halving November 28 2012 price went from roughly $10 - $1000 in one years time. This is equivalent to 100x return on your investment. A 100x to Zcash at current levels would mean a $6-7k ZEC token. This is by no means a guarantee that will happen. Im simply stating that this is possible proven by the fact that it has happened in the past.
Given the problem with transaction data on BTC at enterprise level "Privacy" coins will become of great concern. ZEC and the corporation behind it are more than positioned for this new trend.
Guess we'll see where the dust settles.
Place your bets.
Not Investment Advice.
ZEC Could Be Entering A New Bull Market just now
As the weekly candle closes for Zcash we edge closer to a decision point. Following a major multi year sell off that was briefly interrupted for a few short rallies ZEC has been forced to a point of decision. It just so happens to align with the reduction in supply in terms of block rewards.
Possible "W" bottom formation followed by a higher low on the weekly chart. This could be the point of the market cycle where the overall sentiment turns more bullish and the same demand (which likely continues growing) as before pushes up price due to reduction in supply.
I will allow the chart to guide my opinion in the coming days and weeks.
Interesting times my friends I wish you all peace and happiness.
Not Investment Advice.
ZECUSDT -Potential rejection of descending triangle resistance🔽ZECUSDT is testing the descending triangle resistance.
Bearish engulfing bar was formed on a Daily timeframe.
RSI printed a bearish divergence signal on 4H timeframe.
Sell entry ⬇️ - breakdown below the minor trendline support.
Target - descending triangle support.
Awaiting ZEC Weekly Candle Currently in a big pennant. Macro trend resistance lies around $110. Positive weekly candle could break price from range and begin to head towards the major resistance levels as outlines in previous posts of mine. Negative weekly candle could push price to the bottom of pennant near $50 or lower if that does not hold as support.
Not financial advice.
Like if you appreciate my analysis.
Best wiShes.
ZECUSD ( Head and Shoulder Patter )ZEC/USD Currently trading at $62
Short Entry-level $ 62 - 64
Stop loss ( Resistance) : Above $67
Target 1 ( support level 1) : $ 50
Target 2 (Support level 2) : $37
Risk Reward Ratio: 1 : 3
ALWAYS KEEP STOP LOSS....
💡Don't miss the great buy opportunity in ZECBTCMidterm forecast:
While the price is above the support 0.00355, beginning of uptrend is expected.
We make sure when the resistance at 0.00490 breaks.
If the support at 0.00355 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the support #1 at 23 and it prevented price from more losses.
While the RSI resistance #2 at 48 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 0.00660 on 10/12/2020, so more losses to support(s) 0.00370 and minimum to Major Support (0.00355) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 34.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00370 to 0.00355). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00370)
Ending of entry zone (0.00355)
Take Profits:
TP1 @ 0.00440
TP2 @ 0.00490
TP3 @ 0.00560
TP4 @ 0.00675
TP5 @ 0.00750
TP6 @ 0.00865
TP7 @ 0.01000
TP8 @ 0.01250
TP9 @ 0.01500
TP10 @ 0.01700
TP11 @ 0.02150
TP12 Free
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💡Don't miss the great buy opportunity in ZECBTCMidterm forecast:
While the price is above the support 0.00355, beginning of uptrend is expected.
We make sure when the resistance at 0.00490 breaks.
If the support at 0.00355 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the support #1 at 23 and it prevented price from more losses.
While the RSI resistance #2 at 48 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 0.00660 on 10/12/2020, so more losses to support(s) 0.00370 and minimum to Major Support (0.00355) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 34.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00370 to 0.00355). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.We would set buy orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00370)
Ending of entry zone (0.00355)
Take Profits:
TP1 @ 0.00440
TP2 @ 0.00490
TP3 @ 0.00560
TP4 @ 0.00675
TP5 @ 0.00750
TP6 @ 0.00865
TP7 @ 0.01000
TP8 @ 0.01250
TP9 @ 0.01500
TP10 @ 0.01700
TP11 @ 0.02150
TP12 Free
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ZEC/BTC We can see the uptrend channel
Invert head and shoulders
If we break out the middle line of the uptrend channel we can reach 61.8-78.6% Fibonacci Level
Best regards EXCAVO
Z Cash officially in Wave 3. ZECUSDOh Yes! The fun is just getting started. That was quite a large Wave 1 (compared to top ten cryptos), and it looks like there is plenty more to give. First initial Fib Goal charted in. Obviously if we retrace lower than SubWave 1 start, then all bets are off, but this is somewhat unlikely at this stage. Strap yourselves in and NFA.
