Zcash/USD - Private, Promising and Persistant!Zcash was built on the original bitcoin codebase in 2016 and was created by professionals from a variety of institutions, for one: MIT scientist John Hopkins. Zcash is similar to many cryptocurrencies, the main difference being its privacy feature, in which Zcash transaction data ARE posted on the blockchain but AREN’T revealing of user’s wallet addresses.
FA:
- A common misconception about bitcoin is that it is anonymous, although criminals using bitcoin to transact may be slightly harder to trace, they are by no means untraceable. On Zcash “Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount.”
- Zcash is one of the early privacy coins, gaining massive amounts of attention in the 2017/2018 bull run where investors tried to get Zcash back to its $30,000 all-time high price point. It still sits relatively high ranking just outside the top 50.
- 21 million total supply with 11.5 million coins in circulation. The 21-million-coin supply is identical to that of bitcoin, a tested model that seems to be working perfectly as demand grows and supply diminishes.
- Zcash also shares another major similarity. In November of 2020, Zcash undertook its first halving. A halving is when the available supply of coins that is getting mined out of each block is, as per the name: cut in half. This means that miners receive half the Zcash for the same amount of effort, over time this will lead to supply shortages and the demand stays the same or increases the price will surge.
- Zcash is on Grayscale Investments, the most well-known investment fund that supports cryptocurrencies. Zcash was one of the first five cryptocurrencies added to the fund by Grayscale and still remains there amongst less than ten cryptocurrencies to this day. This is big news! For a massive company like Grayscale (with over $30.4 billion AUM) to have the confidence to hold Zcash on this trust shows us how the big money is thinking and proves to us that Zcash is not going anywhere.
- The Electric Coin Company (creators of Zcash) seem to be focused on the product they provide rather than exchange listings and price etc. I see this as a positive thing in the long term due to the fact that there is much competition in the privacy coin space and in order for Zcash to stand out (not just in short term price, but when it comes to mass adoption) it is all about fundamentals.
TA:
- Erratic volume spikes, showing that people are still potentially upset with Zcash as it is still infamous for its unbelievable drop in 2016 and 2018 (where people thought it was going back to its 2016 ATH and were caught off guard).
- Possible short-term fractal Identified. After the fractal plays out, we could see some continuation further towards the 2018 ATH.
- Currently breaking above a two-year-long resistance point, no reason why we won’t see a successful break and R/S flip here especially with money following out of bitcoin and into altcoins and the total market cap gaining tens of millions daily.
- Massive potential, with an ATH of over $30,000 (157x). Although it is impossible to guess as to whether it will return to this point, theoretically, if it’s been there before it could go there again.
- On a smaller time, frame such as the four hourly, we can see that Zcash has entered an ascending channel.
- A large amount of resistance before even the 2018 ATH, however the similarities to bitcoin, unlike some other privacy coins, might pull new bull market investors toward Zcash rather than rivals like Monero.
And remember guys, the longer an asset is on the ground - the higher it will stand up!
Buy Big Sell BIGGER -MegaWhale.
Zcashusd
ZCash is on the verge of breaking out of an Ascending Triangle.Zcash is the one coin I don't want to chart about, I'd like it to stay cheap for a few years to accumulate, lmao.
It appears as though Zcash is about to break the red horizontal resistance of the pattern, and if not the green upward sloping support will need to hold for any validity of the pattern. Unless there's a fake-out to the downside.
On the RSI there is an Ascending Triangle pattern similar to the price, there's a series of higher lows and moderately higher highs at the horizontal resistance of the pattern. The horizontal resistance dates back into February and probably longer if I charted a longer time frame, it's possible Zcash sees some rejection.
If there is some strong resistance at the horizontal area of the pattern I have drawn a hypothetical scenario in blue.
The KST is displaying a bullish cross where I have placed the blue downward-sloping finger.
ZEC - Ready For Higher High? Hi, in the next couple of days we are getting ready for bullish momentum. We saw the support level $105-107 held very well + the support RSI(45) + SMA50. Now we are getting ready for resistance $149-152. If we break $150, the next target is $230. So be patient and don’t panic 🙌🏼
Zcash Long Chance 01/02/2021we have analyzed this asset using the Price Action analysis and we could notice a Hidden Bullish Divergence with MACD and it is the sign of trend continuation
we can target the parallel leg level of Fibonacci Projection and it is an easy target to achieve as the price is range bounding rally in a ascending channel and we can estimate to have our target areas in a month time
please comment your opinions
ZCASH ULTIMATE BUOYANCY PLAY"zcash is a water based asset not a land based one, land based assets must resist the laws of gravity in order to increase in price, however water based assets rise up thanks to having the laws of buoyancy on their side, to get ahead in life collect water based assets"
when zcash fell to the bottom of the sea many assumed that it would be stuck there forever. but when the inflation rate was reduced what we found was that zcash is in fact a buoyant asset after all. from there we simply calculated the surface level ($3000), this is our price target for now because buoyant assets can only rise up to the surface until they are turned into rockets, afterwhich they can go to the moon ($10,000)
many traders overlook buoyant assets because the industry is very focused on rockets, however buoyant assets that are deeply submerged (such as zcash) are a great investment as they will inevitably rise to the surface. at that point they may build rocket features to go to the moon but by that time you have already made plenty of money. once zcash has used buoyancy law to rise to $3000 i will issue a new chart which shows how it will go space exploring. it will involve spacex and elon musk
regarding the popular children's animated film "finding nemo" what we also found is that zcash is a bit of a nemo - ie, it was broken and could't swim properly. zcash's dad (zooko) lost his little nemo in this deep blue sea. but thankfully he helped zcash to learn to swim properly by fixing the inflation rate and teaching it the laws of buoyancy. it is only a matter of time now that zcash (nemo) is reunited with his father zooko at the surface of the sea
oh and yes this is no joke the trade of 2021, thank you for your time
ZECUSD a massive bullish setupHey friends, hope you are well, and welcome to the new update on Zcash.
Previously I have posted the article when the price action of Zcash formed a big bullish Gartley and so far it has produced more than 122% rally:
The long-term up-channel:
Now on the weekly chart, the price line of ZEC is moving in an up-channel and reached at the resistance, in the meanwhile, it has broken out the 25, 50, and 100 simple moving averages on the weekly chart as well.
A big bullish Shark move:
Now the price action of ZEC has formed a bigger than the previous Gartley pattern on the monthly chart. the price action cannot enter in the negative zone therefore it is not possible that the price action may move more down up to 1.13 Fibonacci retracement level. The priceline of ZEC has found firm support at $20, therefore it can be considered as a maximum extent of potential reversal zone area.
Big bullish Butterfly:
Zcash with Bitcoin pair on 2-week chart has formed a very big bullish Butterfly pattern and entered in the potential reversal zone. This potential reversal zone is very vast and in the Bitcoin market, the ZEC has no significant long-term support as well, however, it is likely to find a trend line support on the weekly chart. Therefore we should be looking for two major signals to buy the ZEC within the potential reversal zone of this butterfly pattern. First, we can wait for the exponential moving average 10 should cross up the EMA 21 on this weekly chart.
Secondly, we can use look at the Ichimoku cloud on weekly chart and wait for the conversion line to cross up the baseline. After these two major signals, we can place our buying orders in Zcash with the Bitcoin market.
Conclusion:
The price action has formed the biggest harmonic pattern in its history. Therefore there are strong chances that in long-term it will achieve the highest price in its history as well.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
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Zcash formed bit Shark for upto 2250% bullish rallyHi friends hope you are well, and welcome to the new update on Zcash.
On long-term monthly time period chart, the price action of the ZEC has completed the final leg of the bullish Shark pattern and entered in potential reversal zone.The price action cannot enter in the negative zone therefore it is not possible that the price action may move more down upto 1.13 Fibonaicc retracemtn level. The priceline of ZEC has found a firm support at $20, therefore it can be considered as a maximum extent of potential reversal zone area.
Possible profit and loss ratio:
This trade has a huge profit possibility of 2250%, and the loss possibility is 74%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
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Zcash: Is volume telling us a story?On OBV: "Granville theorized that volume precedes price. OBV rises when volume on up days outpaces volume on down days. OBV falls when volume on down days is stronger. A rising OBV reflects positive volume pressure that can lead to higher prices. Conversely, falling OBV reflects negative volume pressure that can foreshadow lower prices. Granville noted in his research that OBV would often move before price. Expect prices to move higher if OBV is rising while prices are either flat or moving down. Expect prices to move lower if OBV is falling while prices are either flat or moving up."
On cumulative Delta Volume : " In order to understand what this indicator does, first understand what a “delta” is. Simply put, a delta is the difference between buy and sell volumes within a period/candle. The delta can be positive (buy volume is greater than sell volume), negative (buy volume is less than sell volume), or zero (buy volume is equal to sell volume).The Cumulative Volume Delta (CVD) indicator is based on these deltas. It starts from a user specified origin bar and successively cumulate the deltas. If the CVD line is negative sloping that means more sellers are in action as the demand of the asset wanes. This is usually a sell signal and a trader should search for selling signals. Conversely, if the CVD line is positive sloping, it means that there is more demand for the asset."
Concerning Volume at Price (or market profile): "If the concentration of volume is at the bottom, then this is more likely to be buying volume rather than selling volume. Conversely, if the concentration of volume took place at the top of the bar rather than the bottom, then this is more likely to be selling volume. Volume at price reveals the the concentration of buying and selling at various price levels, which in turn gives us an alternative perspective, not only in terms of momentum, but also in terms of support and resistance. What can we deduce from this analysis? First we can see immediately which of these areas are likely to be significant in the future in terms of resistance and support.
"The preparation of an important move in the market takes considerable time. A large operator or investor acting singly cannot often, in a single day's session, buy 25,000 to 100,000 shares of stock without pushing the price up too much. Instead, he takes days, weeks or month in which to accumulate his line" - Richard Wyckoff
The current Zcash narrative is "the coin that never pumps". But with a very large POC/Value area at historically low price levels, OBV / CVD / volume on the rise-- I believe some large players have been accumulating very slowly and will soon start the mark up phase. Can it test lows again? Sure. If you want to be safe, wait for the breakout above massive VAP platform it's made ($112 would be considered a breakout). I think this coin has a potential to 5x at a minimum. 1 zec=7 btc
ZEC 12h "Feast at a time of plague" Growth and delistingThe previous ZECUSDT idea clearly worked out towards the target of $50.
However, the clouds over the coin never cease to gather, because on 1 January 2021, Bittrex claimed that it will remove the anonymous coins Monero (XMR), ZCash and Dash on Friday, 15 January at 23:00 UTC. Then the value of all coins sharply fell, but ZECUSD did not update the low , it was the first bell that there might be growth.
The same thing happened the other day in the DASHUSDT pair. The day before the growth start, we warned with the idea that you can quickly earn +60%, whoever wanted and believed - became richer in a matter of days)
It looks like ZECUSD is being artificially pushed upwards to sell it expensively before delisting.
The upper target of this growth is $125, it is better to say goodbye to the ZEC before this level and look around. Will delisting of anonymous coins be Bittrex's sole campaign or other exchanges will support the negative.
A break above $125 will quickly push the price up to $150, but a correction to the range of $80 is more likely.
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ZECUSD Buy IdeaZCASH have been in a downtrend recently, but with recent rejection on the support could be potentially a buy opportunity, a crossover on the MACD to the upside and stochastic on the 4 hour is another good indication ZCASH will trump over USD
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ZEC The level $84 will decide the mediumterm price movement fateIf we analyze the previous idea , we see that after the level $66 did not let the price move up, a fall began.
But the ZEC value did not reach the desired target of $43.
For the third time, someone was actively buying a coin at $50-51.
As a result: a smooth growth to the level $66, and after the halving on 17 November, the growth greatly accelerated, reaching $90.
Also, the price entered the sales zone, which was mentioned in the previous idea.
If the ZEC price fixes above $84 , we can consider long at least at $100 and globally - $150.
The fall scenario from the current price to the first logical target from below will be to $50-51 , where the stubborn buyer was sitting).
And then it already depends on what you believe in. Will Bitcoin and altcoins grow or fall anytime soon?
ZCASH WEEKLY AND DAILY REVIEW.Price is at a a key level and considering the hype and positive reviews, we all know Zcash will definitely increase in price.
From a technical analysis point of view, the first price target will be the top of the ascending channel with a possible continuation to the previous supply zone after which we might see price slowly dwindle down to form new lower lows.
The overall current momentum is bullish at the moment and we only look for buys in the next couple of weeks.
Leave a like ,folow and comment on a pair youdlike to see me review next. Stay Winning.