Zcash
ZCash may have a good future for long term investorsFull TP list of the ZCASH for long term investors
until 58.05, support is valid, uptrend is possible to happen. but ZCASH should break resistance at 91.30
In case that support at 58.05 is broken, this forecast is not valid anymore.
Why we think for a long:
1- Positive Divergence is a good sign of beginning of the uptrend.
2- A trough is formed in daily chart at 58.85
3- RSI downtrend in green line is broken.
Zcash - ZEC/USD 4H Chart - Levels to watch in the coming weeks It's all on the chart.
Levels drawn from fib retracement after late April surge. Seems interesting to identify buying / selling opportunities in the short/mid-term.
Currently setting at the 0.238 fib retracement.
$55-58 Attractive R:R for a long but still risky
$47-$50 Ideal supply zone
Short and long TP as drawn on the chart (support/resistance levels) so watch these levels. Of course always keep an eye on BTC, as it will dictate the trend.
Don't hesitate to leave a like since you're around here! ;)
Best
Please note: Not a financial advice. Just charts.
Zcash; the beginning of an Odyssey to becoming a Top 5 Mcap CoinThe chart says it all..
WOE IS HE WHO MOCKS THIS CHART IN DISBELIEF!
Zcash
Development of the protocol started in the 80s. When the phoenix issue of the economist came out in Sep 1988
Besides the rising Phoenix, on the cover is the symbol is for saturn and it also is the symbol for NULL which means ZERO, aka Zero Coin
10 2018 is also the last month btc was stable before it broke support, and it bounced off 6k support for 8 months
Zooko was part of the original digicash team
Hal finney followed the zero coin protocol Twitter right befre he died and tweeted looking for ways to add privacy and anonymity to bitcoin
Halfin is part of 'satoshi nakamoto'
You hve big names like snowden and vitalik shiling is
Jp Morgan working on it since day 1
Darpa, who created the internet, is helping with zcash
Israeli developed virtual money
It has its own investment trust
NYDFS approved
Coinbase listing
Gemini listing
Z is the 26th letter
Saturn tilts at 26 degrees
Zcash has 26 transactions per second
Zion zog zec
Crypto twitter overly bullish on Zcash i only see this at bestI have noticed Crypto twitter being overly bullish on ZEC. I have no idea for what reason because they see a 4h bullish rsi divergence? All this tells me we could definitely see a bounce but a reversal no way!
We broke a BIG high timeframe a week ago we have not yet tested that level i expect that level to hold as HARD resistance. as long we do not trade above that level you cannot be bullish longterm on zcash.
What i do see is a potential lower timeframe setup with an upside of 9% why? :
- For the people that like to use indicators you got your 4h rsi divergence
- Obvious 1h S/R level that has been respected nicely so far. Got to wait for that level to break again before thinking of longing this.
- That lower timeframe target i pointed out we never tested that level creating inefficiency in price so i do expect Zcash to trade into the level before moving back down.
- We also got the OTE Meme at our target which alines perfectly for more downside on Zcash on a longer timeframe.
There is a trading opportunity to buy in ZECETHTechnical analysis:
. Zcash/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. While the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.370 to 0.346). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.370)
Ending of entry zone (0.346)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.40000
TP2= @ 0.43500
TP3= @ 0.46670
TP4= @ 0.50800
TP5= @ 0.56500
TP6= @ 0.64924
TP7= @ 0.71000
TP8= @ 0.82800
TP9= @ 0.94600
TP10= Free
There is a trading opportunity to buy in ZECETHTechnical analysis:
. Zcash/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. While the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.370 to 0.346). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.370)
Ending of entry zone (0.346)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.40000
TP2= @ 0.43500
TP3= @ 0.46670
TP4= @ 0.50800
TP5= @ 0.56500
TP6= @ 0.64924
TP7= @ 0.71000
TP8= @ 0.82800
TP9= @ 0.94600
TP10= Free
ZEC Falling Wedge - $ZEC #ZCASHZECBTC has potential to bottom by July.
GDPR regulation is being overlooked. No large North American or European bank conducting transfers using cleartext blockchains will be able to meet regulatory requirements.
"Laws such as Gramm-Leach-Bliley, HIPAA, and COPA in USA and GDPR in Europe mandate the use of encryption, along with other tools and processes, to protect citizens from unauthorized parties such criminals, unauthorized commercial interests, foreign governments, etc. ..." -Zooko
Current transfer systems Fedwire, SWIFT, and ACH conduct transfers privately. Why would the upgrade to blockchain technology necessitate removal of longstanding regulatory and privacy primitives?
"The Zcash protocol’s cutting edge use of zero-knowledge succinct non-interactive arguments of knowledge (“zk-SNARKS” or “zero-knowledge proofs”) makes it a truly innovative privacy coin that offers confidentiality for peer-to-peer transactions similar to those afforded to fiat currency transfers (e.g., ACH, FedWire, SWIFT, etc.)." -Eric Winer
Regulated 1st-world banks do not advertise their transactions in the daily newspaper. Why would these same banks wish to publish transfers on the Internet, publicly and permanently, in real-time?
In the field of Information Security is the concept of "data aggregation". Public transactions on their own have little value. However, once multiple data sources are compiled and matched, the data becomes meaningful, and vulnerable to exploitation.
Chainalysis and CipherTrace are two such companies that specialize in this type of blockchain-to-customer data aggregation.
Banking regulators (will) view vulnerability to such attacks as a gross violation of the multiple regulatory standards mentioned above.
JPM is testing zk-SNARKS (used in Zcash) and ING Bank is testing bulletproofs (used in Monero and Grin). The privacy age is upon us. However, such technologies won't be viewed as privacy coins for long. Encrypted blockchains will be viewed as standard operating procedure.
Just as no bank would dream of using HTTP over HTTPS, no bank will rely on unencrypted blockchains.
ZEC is ALIVE! Let's look for the bounceHey everyone,
There is life!
After a beating the last few days, Zcash is actually looking up
We stayed out of the double top play and let the coin run its course, but the double bottom is showing some short-term plays for ZEC.
Volume is a little sketchy, but ZEC was able to resist the heavy bear volume and bounce on that double bottom / .5 fib level.
We are looking for a higher low to form, and place a long up to the next fib level. Price is looking to consolidate soon on the .382 level, and if that confirms, its a long to the next level for all of you day traders.
Swing traders, shoot for the $75 ish level to meet the last top before the fall.
One thing in particular to watch for is that a lower high isn't forming. We can judge the validity of this by making sure that bear volume DOES NOT INCREASE as price goes into consolidation. If that happens, all you bears out there can pull the trigger on a short.
Would you play this pattern? Why or why not?
-Block