Zcash
Zcash (ZEC) Price Prediction 2022Zcash (ZEC) holds the 59th position on CoinGecko right now. ZEC price prediction 2022 is explained below with a weekly time frame.
The above chart of Zcash (ZEC) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.
This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Zcash (ZEC) is in the range of $80.00. If the pattern continues, the price of ZEC might reach the resistance levels of $132.70 If the trend reverses, then the price of ZEC may fall to $52.20
Zcash (ZEC) Support and Resistance Levels
The chart below shows the support and resistance levels of Zcash (ZEC) .
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Zcash (ZEC).
Resistance Level 1 $96
Resistance Level 2 $134.1
Resistance Level 3 $172
Support Level 1 $71.5
Support Level 2 $50.2
ZEC Resistance and Support Level
The charts show that ZEC has performed a bullish trend over the past month. If this trend continues, ZEC might run along with the bulls overtaking its resistance level at $123.7.
Accordingly, if the investors turn against the crypto, the price of the ZEC might plummet to almost $50.2, a bearish signal.
Happy Trading !!!!
ZECUSD broke above the 1D MA100, first time since April.Zcash (ZECUSD) broke today above its 1D MA100 (green trend-line) for the first time since April 29. Coupled with the emerging Bullish Cross on the 1W time-frame, this is most likely a bullish extension signal, targeting the 1D MA200 (orange trend-line) and the 0.618 Fibonacci retracement level (122.00).
It would be best to wait for a 1D candle close above the 1D MA100 to have a confirmed signal, otherwise we may get one last pull-back to the 1D MA50, presenting the best buy opportunity.
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ZEC in acceleration modePicturing simply that big triagnle ZCASH has printed is crazy. After sweeping the lows below, it has finished a corrective pattern with perfect 5 wave structure in the end.
From the low we have started the yellow trend which is now being left for an accelerted green channel and blasting through first resistance in red.
Next hudle will be the bottom of the triangle, once taking, expect the upper boundary to be tested pretty soon giving a nice 50-80% rally which could mark the top for a possible 1st wave of the next impulse up to insane price ranges with 4 digits
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Zcash / BTCThe date was 10/15/2019, I posted one of my first analyses to this account called " found a downwards channel in ZEC " (linked down below)
all the chart had was a channel placed with 3 indicators: the TD seq, Ichimoku & EMA ribbon
with a bio of " this channel needs to break or there will be no ZEC bull run " that's it... haha... ok
As time passed the channel held perfectly, I never moved it till this day.
*FYI*
The orange and green lines are the fib lines
Green lines: .618 (middle) & .5 (middle)
Orange lines: 1 (top) & 0 (bottom)
Need proof? I got you
3 beautiful tests on each of the tops & bottoms of the channel also there are many confirmations for the middle of the channel.
If we zoom in and look at the last two channel touches and compare it to BTC, we can see further proof of resistance existence
The first touch was exactly when BTC dropped but the second touch lagged a week (bull trap) but still it touched the channel right when it was dying.
I'm sure that puts more weight on the channel with more evidence then just candle touches.
After the correction we broke out with a hit of the ichimoku to end it all and a top at 48k BTC resistance.
While everything's playing out ZEC falls and perfectly touches top of the channel & forms a multi week bottom while confirming the channel as a bottom with the help of the TD seq.
Potential ichimoku cloud break this week!! first one in its history!!!!
Now that we agree that the channel works, lets look at the ZEC longs
The white lines represent the severity of the first channel touch, with the biggest drop in longs I've ever seen. that fall killed off 80% of people and it didn't bother recovering.
First Jump: 203 days
- From (Dec/10/2018) to (Jul/1/2019) longs shot up from 6.3k to 64.5k
USD BTC
ZEC was @ $50 & toped @ $100 - (+2x) ZEC toped @ 0.017 & ended @ 0.0093 (-1.8x)
BTC was @ $3.5k & toped @ $12k - (+3.5x)
Consolidation: 378 days
- For the next year (1/Jul/2019 - 13/Jul/2020) longs stay consolidating between 46.5k to 65k
USD BTC
ZEC starts @ $100 & end @ $60 - (-1x ish) ZEC starts @ 0.0093 & toped @ 0.0063 - (-1.5x)
BTC starts @ $12k & ends @ $9.5k - (-0.8x)
Last Jump: 287 days
- Longs shot up (Jul/20/2020 - May/3/2021)
USD BTC
ZEC was @ $60 & toped @ $300 - (+5x) ZEC starts @ 0.0066 falls to 0.0015 then ends @ 0.006 - (almost equal)
BTC was @ $9.5k & toped @ $65k - (+7x)
Death: 360 days + ? (May/17/2021 to ---)
- This is the day BTC had the hardest and fastest fall in history. After a full 875 days of longs going straight up everyone lost hope and left it consolidating for about 360+ days, no longs in sight.
As you can see every person longing ZEC/BTC died from the begging of 2018 till now, you notice the USD value made some sort of profit but if you ask me.... no ser you cant be an alt and not do min 10x threw a 4 year long bear+bull market. No but for real, BTC went from $3k to 65k in that time span.... what did Zcash do? with a top @ $1k and a floor @ $20 we are still at $100 with every alt at least hit there ATH..... come on now...
just look at the mining difficulty and tell me that's not a great indicator, miners are hard at work and they have been.
ibb.co
the date was Jul/19/2021
I posted a chart called "this chart predicted the TM cap top" (linked down bellow)
this is the second post noticing it, in it I said "once this channel breaks.... obviously to the upside (if ever) this might lead to the biggest alt market ever seen."
that was back then and now is now.... I'm not saying its not possible but with rate hikes and the Nasdaq falling hard with the DXY mooning, it doesn't fell too well but hold strong. Charts speak for them selves.
look I'm not gonna lie, I truly believe BTC will jump to 40k and top out then the US will keep dumping on us to lower rates and more hell will be brought onto us till 18k gets touched. that's if and only if we keep following the US, with China potentially giving out $5.8 T stimulus.... I think we might see another 2020 but with the Asians instead of Americans but at some point pain will come so take care people.
With the US & EU noticing crypto, placing laws and regulating like they give a shit I can see the need for privacy coins at this exact moment.... I can proudly say this channel is real and it did break also I can fully understand why were breaking out of this channel with all the harsh rules and taxes.
To me the biggest news is when they have there stable coin on the market. I believe that will officially stamp crypto as a "real" asset to the normies
This is the perfect moment!! Bitcoin is at 30k and ZEC???? who the hell is looking at anything other then BTC after the shit show LUNA caused.
You can call this bearish but I disagree. Zcash has the momentum against BTC and has full privacy. Once the US comes in with there coin I can promise you fed eyes will be all over the blockchain and all the fools scared of the government? (I'm not (: idk why you would be) well they will be running to privacy coins for sure.
ZEC isn't the only privacy coin looking to moon XMR about to pop!
with a perfect break of the channel and a retest of top 1
im just more bullish on ZEC
good luck guys be safe!!!
Zcash vs Bitcoin Updated; One More Whales Rally is PossibleLuminaries of the crypto-sphere discuss their vision for the future of Web3.
This session's speakers include:
- Moderated by Marta Belcher, Chair at Filecoin Foundation
- Moderated by Ryan Selkis, CEO of Messari
- Zooko Wilcox, Founder & CEO at Electric Coin Capital
- Vitalik Buterin, Co-Founder of Ethereum
www.youtube.com
Zcash vs Bitcoin has Death Cross Impending or Mega RallyFoundational upgrade delivered without causing a network or market crisis. This is now a potential green-light for Zcash to continue to outperform against Bitcoin
If the local levels are rejected during rally attempts (003500 and 004000 namely) then this will move much lower toward 002000
electriccoin.co
Zcash Network Upgrade 5 (NU5) activated on mainnet today, May 31. It is the most important milestone for Zcash since the cryptocurrency launched in 2016 — and as our Electric Coin Co. (ECC) CEO Zooko Wilcox put it, “an historic step forward for human society.”
NU5, the first major upgrade since November 2020, includes the launch of the Orchard shielded payment protocol, utilizing the Halo proving system to remove reliance on complex setup ceremonies. The efficiencies built into this upgrade make possible — for the first time ever — private, trustless digital cash payments on mobile phones. Halo also paves the way for increased interoperability by providing a system that could unlock private cross-chain proofs at scale.
$BTC Bearish Target Reached ✅+12%The next target has been reached ($19300)...! Each and every moves went according to our analyzes , do not trade against the trend as much as possible or do it in the best zones (POI)...! We have to see if the price reacts to this level or enters the Bullish Order Block in the range of $17,950 to $18,600! Don't forget that a liquidity pool below $17,500 has been formed, which sellers and bears may be looking to fill it.
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.13.2022
⚠️(DYOR)
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Zcash Three Drives Pattern (144% or More Mid-Term)Looking at Zcash vs Bitcoin (ZECBTC), we have no bullish signals, none.
Only when you go to the 3LB charts you can find some bullish signals, even on the weekly timeframe.
The RENKO charts also bearish, not one bullish signal on 4H, 1D and Weekly.
Now, we still believe that ZECBTC will move up.
The low was hit December 2020, more than 550 days ago.
This is a very long accumulation phase...
After the accumulation phase comes the breakout.
Additional details on the chart.
Namaste.
Zcash ZEC Crisis Continues. Liquidity x Price StalledHalo is coming soon, but nobody cares, nobody knows, nobody has money to invest for Zcash
Among the features included in the next Zcash network upgrade is Unified Addresses. The unified address (UA) is a future-proof Zcash address format that improves usability, increases the ease of interoperability, and supports shielding Zcash by default.
In this post, we will explain the benefits of unified addresses, how they work and how they fit within the broader Zcash ecosystem.
Background
Zcash is always improving — implementing cutting-edge cryptography with secure, professional-grade code. As Zcash evolves, new value pools are introduced that offer better features and benefits. This was the case when Zcash upgraded from Sprout to Sapling, and it will be the case when Zcash upgrades from Sapling to Orchard.
Multiple address types can negatively impact the user experience. They are not unique to Zcash; in fact, many protocols face this challenge, including Bitcoin. This is because certain protocol improvements (such as SegWit in Bitcoin) require a new address format.
UAs make Zcash easier to use by removing the complexity of multiple address types. This simplifies the user experience — no more juggling addresses — and increases interoperability between shielded-only applications and transparent-only applications. If a wallet supports auto-shielding (a new feature included in Halo Arc), their users can be confident that their funds will be shielded by default and stored in the latest shielded pool.
UAs will also make network upgrades easier because Zcash can iterate quickly without introducing new address types — solving a huge problem faced by many protocols today.
The single-address standard will also advance use cases related to Layer 2, DeFi and interoperability, because it will be easier to build applications and tools for Zcash.
What are UAs?
Unified addresses are generated from a set of multiple Zcash address types (i.e., transparent, Sapling and Orchard). Think of unified addresses like a universal travel adapter that lets you plug into different sockets. They make it easy for wallets to migrate funds to the latest shielded pool while gradually deprecating older technology. With unified addresses, wallets will default to moving coins to the latest shielded pool supported by the wallet. These features, auto-migration and auto-shielding, are part of ECC’s Halo Arc product suite.
With the upcoming Orchard upgrade, there will not be a stand-alone Orchard address. Instead, users will access the Orchard shielded pool through a unified address.
ZCASH Is Stuck between a Bearish & Bullish Trend!ZCASH is in a Symmetrical Triangle which means the Price has the chance to be Both Bullish and Bearish. No break out Has Happened yet So We Can not Determine the Trend Yet But It should Happen Soon. price in Bullish Scenario will be Reach around 140$ and in the Bearish Scenario It will reach 70$.
-ZCASH Is in a Symmetrical Triangle
-No break out
-Bullish Scenario:140$
-Bearish Scenario:70$
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Thank you for seeing idea .
Have a nice day and Good luck
Red-Line Zcash Pump June 1st or permanent Rekt Asset What are the economics of Zcash?
Zcash's monetary base is the same as Bitcoin's — a fixed supply of 21 million Zcash currency units (ZEC). Every 75 seconds, a new block is mined to the Zcash blockchain and a block reward of 3.125 ZEC comes into circulation. The amount of the block reward cuts in half about every four years until all 21 million ZEC are in circulation. Zcash inflation almost precisely mimics that of Bitcoin. It’s important to note that as new coins are created inflation goes down, and at each halvening the rate drops significantly. As of the Canopy activation, 20% of the Zcash block reward is distributed to a Community Development Fund. For more information about distribution, see the Funding, Incentives, and Governance blog post.
How can we determine the amount of ZEC in circulation within transparent and shielded pools? How does Zcash prevent counterfeiting?
Zcash miners validate every on-chain transaction. Transactions that involve a shielded address (either sending or receiving) come with a zero-knowledge proof. The zero-knowledge proof ensures that the transaction doesn't violate the "conservation-of-money" rule (i.e. a proof that the money coming out of the transaction is less than or equal to the money going into the transaction). ECC uses Turnstiles as a method of auditing the monetary base in Zcash’s shielded pools.
Is Zcash protected against quantum computers?
Zcash is better-protected against future (hypothetical) quantum computers than almost any alternative, primarily due to the fact that Zcash addresses ("public keys") do not get posted on the blockchain. Scientists at the Electric Coin Co., and in academia, are actively researching postquantum-secure alternatives to any affected cryptographic components. Members of the community plan to monitor developments in postquantum-secure components, and if/when they are mature and practical, update the Zcash protocol to use them.
What is a zero-knowledge proof? How does Zcash integrate it?
Zero knowledge proofs are a scientific breakthrough in the field of cryptography: they allow you to prove that a statement is true without revealing the statement itself. Think about this example: if you want to prove you are old enough to drink alcohol, you generally have to show your ID card which reveals a lot of information about you beyond just your age. Your ID card can reveal your address, your face, your height - all of that has nothing to do with your age. A zero-knowledge proof could let you prove that you are old enough to enjoy a cold beer and only that. Zcash uses a particular type of zero-knowledge proof called zk-SNARKs (or "zero-knowledge succinct non-interactive arguments of knowledge"). These zk-SNARKs are used in any transactions that involve shielded addresses. Dive deeper into zk-SNARKs and how they work in Zcash on the explainer page.
What mining algorithm does Zcash use?
Zcash currently uses Equihash as the proof-of-work for block mining in Zcash. Equihash is a proof-of-work algorithm devised by Alex Biryukov and Dmitry Khovratovich. It is based on a computer science and cryptography concept called the Generalized Birthday Problem. As of May 2018, Zcash's Equihash parameters have been implemented in custom hardware ("ASIC") miners. ECC is closely monitoring the effectiveness of alternative consensus algorithms such as PoS and will continue to evaluate as part of our long-term roadmap to increase scalability and sustainability.
What are the general characteristics of a Zcash block?
Average block time: 1.25 minutes (75 seconds)
Maximum block size: 2MB
Block Reward: currently 6.25, 3.125 after November 18, 2020
Each 4 year period, the ZEC creation amount will halve (from 12.5 to 6.25 to 3.125 to 1.5625 and so on).