ZECBTC trade ideas
Zcash tokens gain 31% since protocol transition to proof of stakThe 65th largest digital token by market cap, Zcash (ZEC-USD), surges 31% since transitioning to a proof of stake protocol from proof of work, according to the coin's main developer, Electric Coin Company, in a release from Nov. 19.
Proof of stake, a protocol designed as an alternative to proof of work, is used to mine or validate block transactions based on how many coins are held.
"Benefits include the reduction in downward pressure on the price of ZEC, as most miners immediately liquidate ZEC for BTC or fiat today," the company says.
Unlike proof of work protocols - the original consensus algorithm in blockchain tech - proof of stake does not incentivize extreme amounts of energy consumption.
"Other benefits of moving to proof of stake which include the reduction of the ZEC energy footprint, providing a possible path to on-chain governance mechanisms, and support for interoperability by addressing problems with proof-of-work transaction finality," according to the release.
The transition will also "increase the utility for ZEC through capabilities that include yield generation through staking and a possible path to on-chain governance mechanisms for ZEC holders."
To note, staking is a way of earning rewards for holding crypto to verify transactions on a proof of stake blockchain.
This could imply more Zcash (ZEC-USD) may end up "going out of active circulation due to lockup periods," against its fixed supply of 21M tokens - much like Bitcoin's (BTC-USD) fixed 21M coins in circulation, CoinTelegraph notes a day after the announcement.
Electric Coin Company also highlighted its plans to expand its mobile and infrastructure teams, "with intent of shipping a first-release official ECC wallet in 2022."
Some other cryptos that are moving higher on Monday - and in the past week - despite the broader crypto market slump includes Avalanche (AVAX-USD +3.1%), Crypto.com (CRO-USD +2.7%), Elrond (EGLD-USD +16.0%) and Decentraland (MANA-USD +5.1%).
Previously, (July 15) crypto exchange Coinbase considered adding Zcash and four more digital tokens to its trading platform.
ZECBTC Amazing Zcash trade opportunity.Zcash is forming double bottom (W) chart pattern on weekly chart. Volume increase is indicationg possible breakout but we still need to wait price to go over previous high. Use no more than 10% of your crypto portfolio for this trade.
buy at 0.007010
set stop loss at0.00
first target 0.0017 risk reward ratio 1:2
second target 0.04 risk reward ratio 1:6
third target 0.1 risk reward ratio 1:17
when price hits first trading. take out profits or move the stop loss to break-even
ZECBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. We have a resistance line which the price hit 3 times and could not break it. Currently we have had a support line which has bounced the price back up. If the price receives support here it will move up to R1. But if it breaks S1 it will move down to S2. Those who want to take risks can buy it here for R1 but if you want to be more secure in your trade you can wait for it to come down to S2 and then buy it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
💡Don't miss the great buy opportunity in ZECBTC @ElectricCoinCoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.003339).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 0.003707
TP2= @ 0.004074
TP3= @ 0.004373
TP4= @ 0.004700
TP5= @ 0.004944
SL= Break below S2
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💡Don't miss the great buy opportunity in ZECBTC @ElectricCoinCoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.003339).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.003707
TP2= @ 0.004074
TP3= @ 0.004373
TP4= @ 0.004700
TP5= @ 0.004944
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
.618 to .618 ZcashSimple easy trading idea,
Buying the .618 and 200DMA, stop at close below
Taking profits at each points gradually w/ ~40% of the position at the .618
ZEC will print soonNot trading advice.
ZEC is following a well established trend and has returned to test it's line ahead of an alt move up. This is a great opportunity to buy in.
Zcash vs Bitcoin about to Select the Likely OutcomeHope that i get this one wrong, and we get lucky instead.
Bitcoin is very weak, looks a lot like the end of the cycle printed Thanksgiving and then mega flush was the Kiss of Death
No altcoins will outperform Bitcoin if the macro cycle is over. if cycle continues, Zcash may get lucky - they have a big positive catalyst in January: HALO NU5 Network Upgrade with many great features
interim long 01295matched analysis against ZECUSDSHORTS and ZECUSD
Will have a lot of reasons to pump higher with YCash fork coming up in July, this can move up 100% from 011
$ZEC looking bullish breakoutReversal looks good to go:
- Cloud twisting bullish.
- Price breaking out of the cloud.
- Fundamental sentiments looking good.
Opened a position and will be adding to it when we get a:
- Bullish TK Cross
- Lagging Span above price and the cloud.
- Volume Spike
Going to let this play out for a bit before throwing in my stop.
Z-Cash - we have liftoffThe fib countdown on Z-Cash is resolving itself perfectly. The trajectory and velocity of price for this final unit of time is set - 0.008 BTC, on January 25th 2022.
Then, a correction and consolidation for the road to $1,000. Yep. It will happen fast.
A most happy of holiday season's to you.
Hayha' änalysïsforthcomings;
plan as best as one can.
market moves, price in action;
viewing the Grant study,
Jung man asks, what exist within;
is it joy; redacted.
Trade Using Exponential Moving Average and Trend LineHigher Lows Are Represented By Diagonal Trend Line
Lower Highs Are Represented By Diagonal Trend Line
After Price Closes Above Diagonal Resistance Line (Lower Highs), Enter A Long Position. Enter using the closing price of breakout candle. Enter a second long position when price forms a rejection candlestick wick in the EMA 10 EMA 20 Area. Enter using the closing price of rejection candlestick.
H2, H3, H4 Chart. EMA 10 is above EMA 20 in these chart timeframes. EMA 10 Above EMA 20 on multiple timeframes is a good indicator that the market is bullish.
Time to reversal for ZECDivergence on RSI 7 and 14. One hour char suggests a potential trend reversal.
The introduction of Halo update in January 2022 is another reason to accumulate strongly ZEC.
Bull flag ZECHello everyone,
doing some morning TA. I have identified a bullfrog on zen that has the potential of hitting around 3900 seats which is equivalent to $260. But I would suggest taking profits around $250 since we have some resistance there
Zcash Leaves No Room For Doubts...Very clear what is happening here with ZECBTC when we examine January of this year:
Zcash tends to move strongly after a low is finally hit.
Since the 12-Oct. we are witnessing strong bullish action; with 45% growth so far.
The trading volume is strong and growing towards the bulls and prices are moving above EMA100.
The main 2 bullish scenarios are depicted on the chart.
Targets and support levels are also available.
Enjoy.
Namaste.
A look at what's happening with ZEC-BTC in the short termHead and shoulders? Or will we break macro resistance?
ZCash is back ! Relisted by BittrexHey everyone,
good "news" (I know yesterday news are old in crypto, but... )for my long term Privacy lovers fellas
One of the most popular privacy-focused cryptocurrencies, ZCash (ZEC), is available on Bittrex again
Started from Sept. 9, 2021, ZCash (ZEC) is back to being available in major trading pairs with Bitcoin (BTC), Ethereum (ETH), U.S. Dollar Tether (USDT) cryptos and ZEC/USD fiat pair.
As reported previously, Bittrex delisted all of its privacy coins—Monero (XMR), ZCash (ZEC) and Dash (DASH)— nine months ago.
At the same time, it is still unclear whether the exchange is planning to relist other victims of the January delisting
From long term view ZEC is in my opinion huge opportunity. I can see ZEC passing 1K USD till EOY and go big agains BTC as well
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
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The patient one always wins.Patience is key discipline. All these shitcoins are merely a tool to transfer money from the impatient to the patient.
ZEC - Sexy Weekly Chart Near Completion - I'm Loading Up HereOnce crypto becomes mainstream and is used for everyday transactions, people will see the value of privacy coins. This is a great looking weekly chart on the verge of a bullish breakout. With alts jumping, it's only a matter of time until this monster wakes up after 4 years of hibernating. I think privacy coins will have a bright future and will be loading up here while they're still cheap.
