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Zcash

ZEC Breakout Confirmation NeededZcash has realized a bullish reversal this week as the markets absorbed inflation reporting, the EU parliament excluded language restricting Proof-of-Work from MiCA, and the Federal Reserve clearly conveyed no substantive change to monetary policy in the immediate future. Bullish price action likely to continue if ZEC confirms a breakout from the descending triangle with a daily close above the trendline, idealing realizing $170 support with a clean bounce. Broader markets appear poised to enjoy bullish sentiment for next few months given midterm elections this fall. Significant risk of further inflationary pressure resulting in a monetary policy reversal cannot be ignored. Closely watch CPI & PPI in the coming months as these likely will see further sharp increases that will ultimately result in Central Banks reversing course.
BINANCE:ZECUSDLong
by R0MM3LL
1
Monero up by 30%A report that United States President Joe Biden will soon sign an executive order regulating cryptocurrencies sparked a surge in prices for privacy coins, Monero and Zcash this morning. The privacy coin surge was not clearly linked to Russian sanctions or if this was the reason behind it. Regardless, the surge was a result of something, moving from US$169 to US$204, up 29.2% in an hour and a half. There were fewer privacy coins with a smaller size. Dash gained 11% to $95. The Pirate Chain price rose 7.4% to $1.11.
KRAKEN:XMRUSDLong
by juncrotysys
$ZEC Volatility Trend = Sub $90 TargetCharting from Daily to 3-Day charts reflect head & shoulders pattern forming with the left shoulder and head formed. Given price action trends with wild swings up and down, Zcash will either retrace fully to sub $90 or probable right should forms before final retracement. Once retrace by >70%, historical $ZEC price realizes bullish reversals. Continuing to see lower highs since 2018, to include May & Nov 2021. $ZEC has volatile price movements... recently: 1. +116% late Nov 2021 2. -73% from local Nov 2021 high culminating on Jan 24, 2022 3. +89% Feb 24, through Mar 10, 2022 Further downside pressure is likely given the broader macro-environment with inflation spiking, bond yields climbing, and the Federal Reserve meeting on 3/16 with expected rate hikes followed by tightening monetary policy and scaling out of quantitative easing.
KRAKEN:ZECUSDShort
by R0MM3LL
5
Bulls receive a rejection from the $160 mark The Zcash coin has been slipping lower since beginning of this week and has lost almost 9.8% in just 3 days in price. The market cap of the ZEC token is down 8.7% over the last night, which is now $1.9 billion. Panic sellers are approaching the 200-day moving average on the daily price chart. If the bears manage to close today's price candle below the 200-MA, the remaining MA could act as a support level for the buyers. Stoch RSI is retreating from the overbought area. The RSI is likely to bounce back from the bullish trend line (white). Furthermore, the Average Directional Index is indicating a weak bearish momentum for the ZEC coin. Today the price of ZEC has slipped below the narrow horizontal range the coin was trading in for over 4 days. The 100-MA could act as a dominance zone for buyers for the upcoming trading sessions. Resistance level- $190 and $300 Support level- $100 and $80
Short
by TheCoinRepublic
Potential Swing Bearish/Short ZEC UsdtTaking into account the current bearish nature of the market,most of the times those assets that tend to pump hugely without any logical reason except pump and dump scenarios, tend to crash the hardest as well. I believe this asset is a strong candidate for this type of trading. Key points: Type of Trade : Short Stop loss - 190 - 25% movement Take profit - 90 - 40% movement Capital used - 1% of the account for stop loss making a 1.6 profit factor trade in case of winning
Short
by exlux
1
🔝 XVGBTC & XVGUSD 💥My strategy in this trade is simple. I will Alocate 2% of the porfolio in this trade because we have a cheaper price than 5 years ago and close to All Time Low (after May 2017). I will Sell 20% everytime it goes up 40% vs USD (20% of the total amount at that point and not 20% of the initial value). I will Hold if goes down. My main goal is fixed value price but a trend line price wich means the target will increase daily with the same rate as the slope of the trend line on the chart linking the lasts peaks (if I was not clear here you can just ask me in the comments area or message. PS: My automatic strategy is optimized for 4h charts. It is shown in the 1D graph just to show you the "big picture".
XLong
by MiguelFTCurado
4
A potential weekly chart double bottom on zecusd forming as wellThis weekly chart double bottom is much more massive and currently far more speculative than the 1 day chart double bottom I posted an idea about just before this idea. However I felt it worth mentioning as it would be fun to see this actually unfold then come back to this idea later to click play on the chart and see the pattern play out from its second bottom. If this one were to play out, then ZECUSD’s target would be $520. Of course again, this one is much more speculative at this point, but still worth keeping an eye on. *Not financial advice*
COINBASE:ZECUSD
by DrDovetail
1