Zcash
ZCASHBTC is going to rich resis. line Hey my friends, based on the accumulation on BTC, Its a really good chance for swingers for investing in Zcash, however its risky this days to be in ALTCOINS but i think its give us such a good signal.
do not forget to place SL.
Also ichimoko give us good signal in daily TF.
on Volume, there have been lots of big players that have opened positions but did not have closed yet.
Good luck.
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ZEC poised to be the #1 Crypto?With the Development of HALO by the ZCASH team and a new listing announcement for ZEC on Binance US it looks like ZEC is having a great week. The latest TradingView Technical Analysis ideas mostly favor upwards movement but I'm curious how the latest tech advances are going to play out for ZCASH.
HALO from the ZCash dev team is a boon for the entire crypto industry which has implications reaching well beyond cryptocurrency. Few who understand the implications would dispute that this development alone was well worth the previously controversial founders reward that funds the Electric Coin Company and ZCash Foundation.
Additionally I'm seeing a lot more on privacy issues lately with ZEC starting to emerge with a consensus as the most secure for those with privacy concerns.
In my opinion the only thing ZCash is not ahead of the game is when it comes to marketing.
Will ZCash's technological dominance drive this coin to the top, or will their developers lack of ability to promote this coin and it's ground breaking features in a meaningful and perhaps more importantly in a way that people can understand the awesomeness of this project allow it to fade to obscurity?
Zcash has shown a strong reversal pattern !Hello, Traders!
Monfex is at your service and today we overview ZEC/BTC.
Diamond reversal pattern.
This pattern also finds support from RSI, the indicator has a certain upward trend, which is a good sign for bulls, but most likely not soon.
The support zone ~ 0,004350-4300
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
ZCash Analysis: Intraday Chart Patterns and 3 Things You Must KnConclusion for today’s Zcash Analysis: An upside breakout of the current pennant formation does imply continuation of bullish momentum. Upside target in this case would be the upper boundary of the bearish channel.
A logarithmic scale is used in today’s Zcash analysis on an intraday (6 Hour) timeframe. Over 3 months of price action shows a strong bearish trend in Zcash (ZECUSD), with a bearish channel plotted to provide perspective for the duration of price action (June 2019 till date).
The crossover of the 50 moving average below the 200 moving average on July 16, 2019 also supports evidence for the current bearish sentiment in Zcash. Three important things to keep in mind for the week of October 6, 2019 for any Zcash trade are the following.
(i) Immediate resistance between 44.52 and 53.45: The lower boundary of the region does coincide with the upper boundary of the channel, and is therefore expected to present a challenge to any bullish momentum. The most conservative Zcash trade (bullish) would therefore wait for price action to break above 53.45, while a less conservative bullish idea is to buy as soon as a break occurs above the upper boundary of the channel at ~44.52.
(ii) 50 and 200 moving average: The slope of both moving averages implies a strong downtrend and therefore limited potential for any bullish trade. A close above the 50 does improve the possibility of price retracing to the 200 moving average, which also coincides with the upper boundary of the channel.
(iii) Formation of what is described as a pennant chart pattern suggests a breakout to the upside and continuation of price upwards from the September 24, 2019 low of 42.74. A break below the lower boundary of the pattern would provide the opportunity for bearish momentum to accelerate and hence non confirmation of the chart pattern.
Horizen ZEN is DASH-ified ZCash ZECHorizen ZenCash was launched in May 2017 as a privacy-oriented digital currency ecosystem built on zk-SNARKs (“Zero-Knowledge Succinct Non-Interactive Argument of Knowledge”), an innovative cryptographic technique first introduced by the ZCash ZEC team.
Building upon the ZCash team’s core focus Horizen aims to create a high-performing platform for money, messages and media by directly integrating ZEN (the native currency of the Horzen ecosystem) into a suite of privacy-focused applications.
In an effort to “Dashify Zcash” by adding governance and self-funding elements to zero-knowledge proof-based cryptographic transactions, replacing Zcash’s “founder’s reward” system of paying a single company from a percentage of the block reward to introducing voting for a treasury, and therefore a greater degree of decentralization and budget flexibility by becoming a DAO, or decentralized autonomous organization. This also introduces an incentivized infrastructure of paid nodes, like Dash’s masternodes, improving the robustness of the network by ensuring proper hardware and bandwidth for nodes. This follows the DAO infrastructure pioneered by Dash, which has become more common in newer cryptocurrencies.
Bitcoin metamorphosised
Bitcoin introduced the concept of scarcity and solved the “double-spend” problem by incentivizing miners to participate honestly in block creation. However, the system was not programmed with explicit incentives for other key stakeholders, such as investors, network users, or node operators.
The Horizen team embedded modified incentives targetted to these groups. The new policy allows holders of ZEN to operate secure and supernodes in which they can “stake” (i.e., lock-up) ZEN to earn a portion of the block reward.
You can think of staking like earning cash interest payments on bonds or other credit instruments, except in this case, the interest is earned directly in the form of ZEN.
medium.com
Zcash Analysis: Intraday Timeframe Bullish Opportunity.Conclusion for today’s Zcash Analysis: Bullish momentum in Zcash is expected to continue with the bottom of resistance (44.52) as the minimum target.
A log scale on the 6 Hour timeframe is used in today’s Zcash analysis. Inspection of intraday price action focuses primarily on data from June 2019 to current date.
The dominant chart pattern during the period mentioned above is a bearish price channel (tentative) which is used to provide perspective for price action since June 26, 2019 after price reached a peak of 108.03.
Also plotted along with the channel is the 50 and 200 moving average. July 16, 2019 saw the 50 cross below the 200 moving average adding to downside pressure in Zcash. The most recent test of the lower boundary of the channel occurred on September 24, 2019 when price reached a low of 30.19 with continuation to the downside.
The relative strength index (RSI) does provide additional evidence of the 30.19 price level acting as support via momentum reaching the oversold boundary. This therefore implies that bullish momentum in Zcash should become the dominant force even if temporarily.
As a result, any Zcash trade to the downside is currently limited in potential. 53.45 and 44.52 is marked on the chart as immediate resistance. Continuation of bullish momentum from the 30.19 price level is therefore expected to run into resistance at the lower boundary (44.42) as a minimum expectation.
Additional confirmation of movement to the upside involves the 50 moving average crossing back above the 200 moving average (MA).