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Zcashlong

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.
Long
by Civel
3
Zec massive uptrend, potential over 100% Zec price forecast LONG Hello guys. Welcome to Technical Analysis on $Zcash (ZEC) which is one of the next big thing (not judging by the roomors), but tecnicals and fundamentals. We have one of the biggest falling wedges ever on #ZEC at the moment, but since volatile as usual, #ZEC seems very hard to predict if i may add. Lets rollback at the beginning. Zcash was listed on coinmarketcap on October 29th being worth on release 5000$/ZEC (back than Bitcoin was worth 500$). Officialy, if you check on coinmarketcap, you ll notice that ZEC was officially worth 6BTC/per 1 ZEC. That ratio changed in favor of Bitcoin while continually deflating ZEC more than 2 years time, but biggest run 8 months we've seen on ZEC (from 10th of February last year) (0.055BTC/ZEC) and since then from May 18th (price 0.044BTC/ZEC) in continual fall. Lowest low on ZEC was 0.0125BTC/ZEC two weeks ago. Since than, as per technicals and either TA or FA analysis continually bullish. My personal take is that ZEC can go 300% from this point up to 0.035 (which is more than in headline), but we are trying to be conservative here (despite "shilling" headline). It's a fact judging as per technicals : Weekly oversold, monthly oversold, yearly... :) Stochastic RSI is uprising on weekly /(looking very sharp on daily basis) MACD is flat from June 18th Weekly bullish cross present That would be like 9 months of consolidation on ZEC (pretty much the same as we've seen on XRP), 9 months "cycle" and uptrends right after. When talking about fundamentals, there are roomors that privacy coins will be more and more popular in time. Speaking of that and having on mind Sapling (fork on ZEC), activated on October 28th, corresponded with ETH Constantinopol fork in order to " keep up" since their network is overloaded. However, Zec is a carrier of ZK Snark protocol (Zero Knowledge) it allows anonymity or transparency in the same time/upon users choice (with further network upgrades), but has 100% obfuscation, (as bulletproof fork on XMR, only even better). Speaking of XMR (Monero), JP Morgan refused XMR in favor of ZEC considering it only valuable asset for 100% private transactions. There are roomors also that ZEC will be @SwissBANK 21.century currency, but its too early to talk about it. I would like to clarify one thing for the people who say " BTC is the KING" and other nonsense stories. We have Bitcoin dependable market in which one price of every alts is not fixed, but calculated as fraction of BItcoin (i.e. current price of Zec is 0.0144 BTC multyplied with current price on Bitcoin 3990) gives 57.68 USD output. At the ATH Zec was worth 850$/ZEC while being worth 0.05 BTC (it was during Bitcoin bullrun). Biggest ratio over Bitcoin was 0.17 (which is more than ETH itself). One more important thing to add is that we need to understand where Bitcoin is going in order to understand how altcoins will behave, because i've seen bunch of people posting wishful thinking TA's in order get followers. Bitcoin will hit 4250 (which should correspond with ZEC being worth 75$) i presume. Then we ll have correction on Bitcoin (subbing 4000) and another spike to 4450 which will certainly trigger entire market and most of the coins will manage to " express" until then (expecting ZEC price to surpass 95 USD mark untill then as increasing ratio over Bitcoin). One simple math example : Bitcoin uptrended 10% over USD making 4250$ (as per chart 10%) Zec in the meantime during Bitcoin consolidation and run uptrended for 30% over Bitcoin. That would be 43% nominal USD gain (if you have invested 100$ on btc 4000 ZEC current price), you would have 143$ worth of ZEC since exponential growth and ratio change. If you find this TA and FA usefull, feel free to press like and follow. Constructive comments are welcome, ideas and every type of criticism of course. Don't hesitate to leave your comment in comment section. Good luck and happy trading :)
Long
by milanjelic
10
$ZCASH #ZCASH - EASY GAINS - BOUNCE coming in soon???Hello Lads and Ladies, Today we are taking a look at ZSCAHBTC. It is known for a good volatility and has reliable support and resistance lines. Where might it be heading to this time? Taking a look at the chart, we can see a very huge push for which ZCASHBTC is very known and has done multiple times in its history. depending on where you set the fibs, we are either right now at a 100% retracement or have still a little more until the 100%. Taking a look at just this one push, we are definitely at a 100% retracement. Anyhow, I decided to put it a little lower because almost ALL of the fibs lines are historically relevant and have been resected multiple times. I am still confirming that the support that we are sitting right now at (indicated yellow dotted in the chart) is very strong. Being broken the next very crucial support (indicated green in the chart) is around 7% away. What happened here is rather simple, it pumped straight up and retraced fully, now is the question whether it will retrace even more or push through the downtrend and where will it head to? I am putting 60% in right now and keeping 40% for the scenario of a further retracement. The reason for this is, that we are at this strong support, retraced by full 100% of the big push and sitting right at the end of the downtrend. RSI is at a point where most of the biggest pushes happened before. As well as I am stoked about the market having a break from blood-bathing for a few days now. Nevertheless the possibility is still high that this support will not hold and since it has been broken by a little bit due to the whole market dipping, it might continue its journey further down to the next support. A big pump in BTC (which is likely right now) would also help it out reaching this bottom support (green). Now to the breakouts and pumps. Should ZCASHBTC breakout now, then it would most likely push to the 61.8% fibs line with a possible stop at a weak intermediate resistance. From there on the push MIGHT (little chance) continue towards the previous high. Should ZCASHBTC continue its downtrend and breakout at the bottom support, it will have a lot of momentum and volume to push very fast to the 61.8% line. Continuing from there without a short retracement will be very hard. My first buy order is at 0.0275 and the second at 0.0260. The sell orders are set to 0.031 and 0.033. Stop loss at 0.025 and re-buy at 0.02. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Fell free to request TA for ANY coin you are interested in!!! Cheers, Tomas
Long
by KongTrading