ZEC Nearing A Major Level Could see $70again region near term but once this resistance breaks ZEC will fly.
Not Financial Advice.
ZECPERP trade ideas
Zcash: 100USD Reached, What's Next? Here is another market that looks overbought. The price reached 100USD, and it is a solid resistance level. We can expect a reversal from this zone and further downward movement toward 76USD support level and MAs with 20 and 50 periods. The price action at these zones will be able to give us new buying opportunities.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
ZEC: HIDDEN VALUESchools back in and I will try to keep it simple as possible as we look at the potential Heptagram & Cube™ (H&C) formation emerging on the Zcash / USD pair. A lot of people try to really complicate trading analysis but in my book if it’s too complex than it gets out of hand. You want to keeps thing simple. Usually if it is not beautiful than it isn’t simple so keep that in mind.
Some crypto groundwork first. If you don’t know, Zcash or $ZEC is arguably the first real privacy coin and it is also the first blockchain to use Zeroproofs knowledge. A blockchain that allows the transfer of value between 2 parties via Shielded Transactions without either party needing to know anything more than whether they have got what they say they have. With that being said, it’s a relatively new technology and does not appear to have gathered any real world traction. Currently to use shielded transactions requires one to run a full node with a hefty download size of about 22gb. The total number of users running this node is estimated only in the low 100’s. How much wealth however is hidden in these remains to be seen, and may never be. With that being said, Shielded transactions is on the roadmap for a 2020 launch on cryptos favourite hardware wallet.
Lets get back to the H&C above.
Today we're looking at 7. Magic number 7. The heptagram.
Now 7 is interesting isn't it. Just another number really. But it has some unique properties I will elaborate on. For starters, it’s the only 2 syllable single digit we have. Perhaps that is just an irrelevant bit of data, nevertheless, 2 syllables it is. You’ll notice 2’s start popping up here and there, and also 22, but that is not really apparent. See number 7 kind of represents the unseen, for example long long ago, humans could only see 7 planets, t least that is what they would have us believe. But when we look deeper? It turns out there were 9 planets - 2 more than what we could see.
Now maybe that is just a case of now you are looking for it and so you start seeing it everywhere, like when you start randomly looking at the time and it’s 11:11. Just a coincidence isn’t it?
Speaking of coincidences we have them in math also. Weird little things that really make you wonder wtf this reality even is. Like when I showed you the relation between 5 and phi in a previous analysis.
Is the world a program? A simulation? Some grand mathematical design? Or just some big random soup of infinite patterns that sometimes line up and have just enough variance or error that make it possible to eternally doubt the miraculous. Whatever the case there is a novel convergence between 7 and pi. That being 22/7 = pi.. well not exactly, but very close - it’s correct to .04%.
At a glance looking at a heptagram you’d probably never see the relationship. But if you divide an equal sided 7 sided polygon into equal parts we have some angles (shown in the above graph) we can compress and see the code hiding in plain sight. 128 4/7° compresses down to 22 and 51 3/7° comes down to 7. I call that a mathematical coincidence that happens to line up with a geometric coincidence.
It seems unrelated, but that is the beauty of a mathematical coincidence. 2 seemingly unrelated things sharing a near equal value. 22/7 hidden. Pi - one of the most potent numbers in mathematics.
See most don’t see. Most look and then see what they look for. Or they only see what they have been shown. That's why most analysis is rubbish. If you look hard enough, you’ll see what you look for. But what we want to find is the absolute truth.. we want to know that we are not tricking ourselves and are indeed holding something to be true and truly valuable. It must stand the test of time. For that to be true, it must be hidden beyond what is obvious, otherwise everybody could have it. It can’t just be a decoy or a bit of trickery… it must be sacred and undeniable. It’s not for everyone. It’s for the few. The way it always has been. The question is, when the penny drops, will you be one of the few or the many? You hold the keys.
Now money time. Firstly, here is my shielded zcash address:
zs1pm2d5ajy8z6k8h5rdtwvuqg7guhg285jdx0nfafhayna20qwf5upympq00a90hqu2me77rsjt5u
You know what the right thing to do is. 70% of all proceeds will go towards the Hanz Holdinworth Private Reforestation Fund where we work to rebuild old growth forests. Currently in the world logging companies are making a killing and acquiring forests at an alarming rate. Once clear felled, they plant back monoculture crops that will grow back ultra fast with weak wood prone to disease. The Hanz Holdinworth Private Reforestation Fund works to raise money to beat these loggers out of cheap and environmentally damaging practices and hopefully together we can create a planet worth living in for generations to come.
Back to ZEC fundamentals.
So, today it is estimated over $1 trillion dollars in offshore accounts. Offshore banks were a great idea before the digital era. In the modern world your offshore accounts can get seized with the click of a button. A huge % of that money is looking to diversify into an economic network that can’t be seized. If your network is not private guess what? It doesn’t qualify.
Or let’s say you’re a government with trillions in military budgets and you don’t want every single person in the world to know you plans? In todays world with an ever increasing monitoring system on banks there are no secrets. I’m not saying this is good or bad - I just follow the trends.
Now as advanced little apes we humans rally around the 1st in anything. Zcash is the first coin with zero proof knowledge and therefor the first real privacy coin. It is also hugely speculative as it has not been around long enough to prove itself as a non-shitcoin. I mean look at the chart it’s just a piece of shit and almost everybody has lost money with it. But it’s $36 at the moment with a market cap of $286 million. Doge coin is even bigger than it. What’s the price when it captures a piece of a trillion dollar market? Are at the bottom yet and what is the upside?
This is a slow moving long term hold for me from here. If the H&C is correct, then we’ll have a very steady upward growth until mid 2020 for a 50-100% return. Many will sit on the sidelines waiting for a pull back that never comes. That’s when fomo kicks in. For most by then it’s too late. You know what happens next.
Here’s to a new beginning. Remember.. you hold the power. It doesn’t matter how big or small.. To master the great.. master the small.
My shielded zcash address again
zs1pm2d5ajy8z6k8h5rdtwvuqg7guhg285jdx0nfafhayna20qwf5upympq00a90hqu2me77rsjt5u
Drop a shielded memo so when I have time I can give thanks.
Rare Z-CASH Pattern To Watch, Going LongI don't mess around with Z-cash much I just couldn't help but notice the decent sized Eve and Adam pattern on the weekly, as I understand it, it's a rare reversal pattern. Neck line is not perfectly horizontal but shouldn't matter. We have already experienced a slight break out. The coin has also found support on the purple 100 MA line (not enough history/data to use the 200 MA). We are about to breach the red Ichimoku could, but not there yet. Possibility of a slight pullback and the RSI at close to top of the range is a clue we may see just that. However either way, if we pull back and test/find support again on the Eve and Adam neckline + 100 MA, OR if we continue higher and find support above the Ichi cloud Z-cash may be worth some attention. OBV showing lots of interest the last month. High target on chart at the purple line. This is not trading advise, just using this site to archive my thoughts. Thanks for reading.
ZECUSD Update: Profit=124950 SL=11600 Reward/Risk > 10.7:1 Trade Setup summary:
Profit targets=124950 pip (2100 + 3965 + 5205 + 7040 + 8640 +9870 + 14980 + 19540 + 23670 + 29940)
Stop Loss =11600 pip
Reward/Risk > 10.7 : 1
Current Status:
Total Profit: 7732 pip
Closed trade(s): 4192 pip Profit
Open trade(s): 3540 pip Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.12 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.22 with 1516 pip Profit.
TP2 @ 75.60 touched at 2020.08.01 with 2676 pip Profit.
1516 + 2676 = 4192
Open Profit:
Profit for one trade is 84.24(current price) - 48.84(open price) = 3540 pip
1 trade(s) still open, therefore total profit for open trade(s) is 3540 x 1 = 3540 pip
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (75.60) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 96.60
TP2= @ 115.25
TP3= @ 127.65
TP4= @ 146.00
TP5= @ 162.00
TP6= @ 174.30
TP7= @ 225.40
TP8= @ 271.00
TP9= @ 312.30
TP10= @ 375.00
SL= Break below 64.00
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ZECUSD Update: Profit=124950 SL=11600 Reward/Risk > 10.7:1 Trade Setup summary:
Profit targets=124950 pip (2100 + 3965 + 5205 + 7040 + 8640 +9870 + 14980 + 19540 + 23670 + 29940)
Stop Loss =11600 pip
Reward/Risk > 10.7 : 1
Current Status:
Total Profit: 7732 pip
Closed trade(s): 4192 pip Profit
Open trade(s): 3540 pip Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.12 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.22 with 1516 pip Profit.
TP2 @ 75.60 touched at 2020.08.01 with 2676 pip Profit.
1516 + 2676 = 4192
Open Profit:
Profit for one trade is 84.24(current price) - 48.84(open price) = 3540 pip
1 trade(s) still open, therefore total profit for open trade(s) is 3540 x 1 = 3540 pip
Technical analysis:
. ZECUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (75.60) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 96.60
TP2= @ 115.25
TP3= @ 127.65
TP4= @ 146.00
TP5= @ 162.00
TP6= @ 174.30
TP7= @ 225.40
TP8= @ 271.00
TP9= @ 312.30
TP10= @ 375.00
SL= Break below 64.00
❤️ 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 trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Zcash spike to $100 would be unsurprisingIt has done so before. Out of the Fibonacci ocean and into the atmosphere
$ZEC / #USD, Clear flip on the ~63$ level and pushing up...$ZEC / #USD
Clear flip on the ~63$ level and pushing up...
Looking for ~77$ as potential resistance level if all goes good around #BTC
#ZEC
ZCash (ZEC) to $140 by the end of August 2020See the fractal came from the red box ... my next sell target is $140 in around 25 days or less?
What do you think?
Can ZEC Get to Previous All-Time Highs?At the moment, Zcash (ZEC) has chances to update at least previous local peaks. It is too early to consider reaching an all-time high, however, getting to the $96 might happen.
ZEC showing bullish signs but...ZEC seems to be keeping a steady uptrend, but lacks explosive volume/growth that is being experienced in other altcoins.
However, ZEC is healthy and doing its thing, and I wouldn't be surprised to see a pop not too far in the future.
not financial advice.
stay safe.
Breakout Feels Imminent for ZECThere has been bullish divergence between ZEC price and momentum going back 18 months and it seems to finally be breaking up sustainably into bullish territory. ZEC tends to move slower than others in the space, but I could see it moving upward with some real weight behind it along with others in the privacy space along with XMR and DASH. Projecting the last cycle's bars, feels like a 2x-5x could be possible over the course of a few months here.
Entry: 65
Target: 120 - 250
Stop: 50
