Zec . There is every chance of growth📈Hi guys , my next idea . If you like what I do, please like it👍 in advance.
On the 1D timeframe, a Double Bottom pattern was formed, there was a false breakdown of the neck, but the strength of the buyer was not enough for further growth, now the price is forming a downtrending channel with strong volatility. The bulls are trying to take over the situation again, but so far without success. I will wait for a breakdown of the upper boundary of the channel, as well as a breakdown of the neck and fixing the price. Also we should remember that with such volatility in the channel, there might be an impulse, and then we might lose our position. ☝️
ZECBTC
#ZECBTC - Swinging to Top of Channel RangetheCrypster -
As you can see #ZCASH has ben ranging this channel against #bitcoin for a little while now, with clear swings from top resistance to lower support. After a quick retest of the lower edge we're moving on up once again!
The mid-line within this channel has played a pivotal role previously, providing a level of both support and resistance numerous times; but with the fresh rejection, the price breaking above a significant historical low and a good Buy signal from Crypto Tipster v2, we can see this heading on up!
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✳️ Zcash About To Print Strong 100%+ Growth!One of the worlds favorite altcoins, Zcash, is about to start growing for several months...
We have a very telling candle showing up 9-November, that is a bullish hammer with really high volume.
Yesterday/Today, we are getting a repeat of this candle within a higher low.
( The bullish hammer is a reversal signal when it comes near/at support )
We also have a descending channel that is failing, with ZECBTC moving above... These are early signals but watch how things change in a matter of days.
Namaste.
ZEC Pump Are You Rdy ?The analysis we have done for you is in all time frames. To enter in the one-hour time frame, our signal type is buy. I, Manouchehr Azar, have determined the entry points for you and also the targets that the desired currency will see. You can make profit. My suggestion for dear friends of Lorj is up to 5x. Be successful and victorious
Zcash Prepares To Grow vs Bitcoin (26% to 94% Potential)Zcash (ZECBTC) print a low in January 2021 and is now in consolidation mode.
Let's read this chart.
We have higher lows long-term but also lower highs, which is the consolidation pattern.
In October 2021 we had a hammer candlestick on the weekly timeframe which marked the low of the wave.
Now, after more than a year, another hammer shows up, November 2022, which can signal the same.
We have two main targets on this chart and timeframe... Let's have three:
1) 0.003200 (26%)
2) 0.004190 (66%)
3) 0.004890 (94%)
These are just rough estimations but they are good for the short- and mid-term.
Thank you for reading.
Namaste.
Weekly support has been completely broken!ZEC has been falling in price over the past few weeks with selling pressure building across the market, and the currency's weekly support range of $45-$50 has been completely broken, turning into resistance. As you can see, in the past, there was a descending channel for the price; the extension of this channel and the selling pressure led the price to the second descending channel.
Also, the two support levels that we considered at the prices of $41 and $36 have been associated with a very positive reaction in the second range. The price of this currency has returned to the first downward channel, and if the short-term and favorable market conditions continue, there is a possibility that the price will meet the specified resistance and creates a range trend below the resistance. According to the good return observed on the RSI, if it hits the support level again, the potential for a positive divergence and formation of trend change signs is high.
XMR still in long term uptrend against DASH and ZECEven though XMR has shown short-term weakness against some coins in the privacy vertical they still have a way to go before they can challenge XMR's long-established upward channel against them.
I expect oscillation along the channel and would be surprised if they venture into the blue bands. Provided no fundamental change takes place any venture into the blue bands above or below should present a trading opportunity.
Zcash Bottom or Capitulation IncomingZEC has a big year ahead for it... I am betting on bottoming on the BTC pair.
Zcash ZEC - Privacy 2023/2024Zcash is decentralized, credibly neutral, and, like Bitcoin, has 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 halving, the rate drops significantly.
ZEC/BTC Zcash's Zone coming close1) Approaching apex of the triangle, roughly less than 25% to go: Any time from here
2) Holding 0.786 locally in the (bull) flag
While holding the recent low, a push above the resistance could happen pretty fast in a push or two
Hold my beer pls
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No financial advice, do your own research, don't be stupid