✳️ 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.
ZECBTC
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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
----
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 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.
alt for alt swaptime has come for ltc to show how the long awaited mweb works. rivaling against xmr over mainstream privacy will take a while until xmr retakes its position as the one that is more private. xmr retaking the position will probably leave ltc bleeding, potentially after some issues being discovered with mweb or exchanges delisting it due to privacy features. this could be an interesting ride. finally if btc ever decides to implement mweb, this could be a great reason for governments and financial institutions to tighten checks where fiat to crypto or vice versa exchange is involved, since bitcoin would allow more private transactions. past year, many european countries have received eu directives to forbid legal entities to trade with privacy coins such as monero, zcash and other. if btc gains this privacy solution some time in following years, governments could make legal entities to require documents upon any crypto exchange. at this time we could expect higher p2p trading and new p2p exchanges to allow people advertise and exchange without any 3rd parties. unless cbdc decides to destroy bitcoin core and reinvent the wheel. stay safe, hard times could be coming.
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.