💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (118.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECUSD 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 69.
Take Profits:
TP1= @ 129.4
TP2= @ 134.7
TP3= @ 140.8
TP4= @ 145.5
TP5= @ 150.0
SL= Break below S2
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ZECUSD
Zcash versus Dollars on the Pononiex Crypto Altcoin ExchangeSupply side will dry up when the Electric Coin Company confirms the conversion to Proof of Stake
Proof of Work miners will be triggered into Holding their coins in order to claim stakes in the future, rather than liquidating them on the market
Zcash will also roll-out an upgrade to Have Transaction Privacy by Default, transparency as an opt-in feature
Lastly the Breakthrough protocol upgrade to RZKSNARKS - Recursive Zero-Knowledge Succinct Non-Interactive Argument(s) of Knowledge
3,550 new zcash emitted daily, inflation by % is 11, inflated global 24-hour volume remains near 250-400 million dollars
the current circulating supply is 11.7 million ZEC, by the end of the year it will be 12 million
Price Target is $990 to $1770 within 90 days
ZECUSD Bouncing on Structural SupportMarket structure is the enduring shape of a market through multiple cycles (major trends).
This particular structure was formed by bottoms in the first major bull trend of ZEC in 07/17 and 09/17.
It was then reinforced through tops in the first major bear trend of ZEC in 06/19 and 08/20 forming a two-year accumulation zone.
It has now been used as bottoms again in 05 /21, 06/21, and 07/21.
It has been revisited as a bottom now 01 /22.
Privacy Narrative 2022 Zcash Defends against Threatening LowAll upward price potential for ZEC-USD is predicating on Bitcoin reversing off of the low $30,000 area and then making another ATH rally in spring and summer of 2022
Barry Silbert remains in Zcash
Electric Coin Company has a committment to Deliver the Network Upgrade in Mid-April
Zcash (ZEC) Analysis Updated 07/03/2021this is an update of Zcash Analysis which we did on 01/02/2021
as we can see our Hidden Bullish Divergence Implemented, price made a rally and higher high, touched the TP Zone Green Box, where we had our 161.8% level Fibonacci projection Triggered.
price corrected itself and retraced down to the past ATH and Top of our Ascending Channel, so we got our confirmation for the 261.8% level of the same Fibonacci Projection, which is our new higher TP (250USD)
as of now we have total of 3 targets where the 1 TP is the 161.8% of the same Fibonacci Projection where it is very obvious and 2 TP is also well confirmed now.
we can target the 3 TP (315USD), after a retracement from 2TP or if the Bull pressure was high, we can simply Trill our Stop Loss and target our ultimate Target.
i have linked the previews analysis too.
ZECUSDT Triangle formation!ZECUSDT (1H Chart) Technical analysis update
ZEC/USDT currently trading at $153.9
zec forming symmetric triangle in 1h chart, if triangle breakout we can expect up move in zec.
Buy level: Above 154.5 (only buy after symmetric triangle breakout
TP 1: $158
TP 2: $163
TP 3: $170
TP 4: $180
Stop loss:$146
Max Leverage: 2x
Almighty Pushuponly
ZEC Long Overdue
The narrative is simple - there is none. ZEC is and will always be the most forefront in privacy based currencies. If you believe in brand and originality like most do with BTC not losing its top spot - then you can believe ZEC wins out in privacy. Privacy will become a global trend for the next 10+ years. in this you will see demand for a privacy currency that caters to real life transactions.
Trade the hype on most of the market and stack ZEC with 25% of your profits and you will not be disappointed.
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