Zencash VS Bitcoin Calling For ActionZencash formed the support at btc 0.0010 where it formed a double bottom back in October 2017. Almost immediate spike up followed reaching the high at btc 0.0052. However, after that ZEN/BTC consolidation continued and only recently it broke above the downtrend trendline and the 200 Moving Average.
Zencash bounced several times off the 200 MA and the once of the downtrend trendline that are obviously now acting as s strong support. All these facts are just calling for action as Zencash is looking very attractive in terms of a buying opportunity. The price could grow by 220% as strong resistance is seen at btc 0.01, confirmed by two Fibonacci retracement levels.
ZENBTC
STRONG BUY, 300% Bull run imminent. Monero 3.0This is the ultimate trade for so many reasons.
1-Crystal clear graph indicators
2- Zcash has support for mobile users on Apple’s iOS and Google’s Android platforms
3- The currency is becoming widely accepted online (Wikileaks,and the darkweb)
4- The technology is phenomenal. It gives users the ability to be truly anonymous or "transparent". These can controlled by a t-addr, or can be a type of zero-knowledge proof called zk-SNARKs.
Its essentially MONERO 3.0
This means it has utility to users who dont want their transactions seen, but it is not likely to be clamped down by governments due to its transparent functionality
5- Institutional investors now have access to this currency. Greyscale Invetment Trust is supporting its development
Forbes:
www.forbes.com
Greyscale Investment Trust- ZCash
grayscale.co
ZEN 15M Timeframe Chart 15 December 2017Zencash, one of the Palm Beach coins!
It's in bouncing zone again. Retraced big time and did make a nice bounce on the 170K support already. Expecting to do that pretty soon again, so we can make a quick trade.
If it doesn't bounce, we'll be using a stop/loss below this level and buy back on a lower support level, which seems to be around the 160K zone (or just hold).
zencash gonna moon on the releaseZencash has already started making it's climb and when masternodes come onto the mainnet, I am sure it will reach its previous high of 0.005 or break 0.006 BTC.. respectively. Anything inside of the square is a good buy zone with a stop-loss below the lower support line.