ZECUSD
Zcash ZEC to $100 in 2023: battle for After-Life Privacy cryptoRecursive Proof Composition without a Trusted
Setup
Sean Bowe1
, Jack Grigg1
, and Daira Hopwood1
1 Electric Coin Company
{sean,jack,daira}@electriccoin.co
electriccoin.co
Abstract. Non-interactive arguments of knowledge are powerful cryptographic tools that can be used to demonstrate the faithful execution
of arbitrary computations with publicly verifiable proofs. Increasingly
efficient protocols have been described in recent years, with verification
time and/or communication complexity that is sublinear in the size of
the computation being described. These efficiencies can be exploited to
realize recursive proof composition: the concept of proofs that attest to
the correctness of other instances of themselves, thereby allowing large
computational effort to be incrementally verified. All previously known
realizations of recursive proof composition have required a trusted setup
and cycles of expensive pairing-friendly elliptic curves. We obtain and
implement Halo, the first practical example of recursive proof composition without a trusted setup, using the discrete log assumption over
normal cycles of elliptic curves. In the process we develop several novel
techniques that may be of independent interest.
Keywords: recursive proofs · incrementally verifiable computation ·
zero knowledge
There is still no strong demandFor the trend to be bullish, strong bullish candles need to be closed above the $50 resistance zone, to expect further price increases. As long as the specified support level in the range of 41-42 dollars is maintained, we can expect that the direction of the price exit from the range channel will be from above. But in case of selling pressure and price reduction, the first level of support and target for sellers will be in the range of 38-39 dollars.
Zec . There is every chance of growth📈Hi guys , my next idea . If you like what I do, please like it👍 in advance.
On the 1D timeframe, a Double Bottom pattern was formed, there was a false breakdown of the neck, but the strength of the buyer was not enough for further growth, now the price is forming a downtrending channel with strong volatility. The bulls are trying to take over the situation again, but so far without success. I will wait for a breakdown of the upper boundary of the channel, as well as a breakdown of the neck and fixing the price. Also we should remember that with such volatility in the channel, there might be an impulse, and then we might lose our position. ☝️
ZECUSD - Rejection by Trend Line and Resistance LevelAs with many coins out there right now, Zcash also has a long descending trend line proving troublesome to break. Recent events with ZEC have proven this to be true once again.
Price has recently tested this trend line whilst at the same time being rejected by resistance levels at around $48-$50.
We do have a nice support line on the underside which should be used as a target for this short, offering well over 10% in gains on this trade.
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ZECUSDT - Falling Wedge PatternZECUSDT (4h Chart) Technical analysis
ZECUSDT (4h Chart) Currently trading at $38.7
Buy level: Above $38.5
Stop loss: Below $36
TP1: $40
TP2: $43
TP3: $48
Max Leverage 3x
Always keep Stop loss
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ZEC SHORT TERM SETUP ZEC is back on the resistance and waiting for a reversal or breakout to happen.
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$ZEC / USD - 1W Staff of ZeusZero-knowledge proof overtakes finance past 2025. The forefather token of ZK Halo2, ZCASH, will soar to massive heights in the year 2025, and onward become the standard for digital currency.
TGT PRICE1: $401.43
TGT PRICE2: $816.38
**WARNING FROM THE FUTURE**
***Your cash is now gone, there is nowhere else to go. FULL STOP***
ZECUSD ❕ tests the support zoneTD Sequential has formed an up reversal signal (4H TF)
Price tests 50EMA as support (1H TF)
The RSI chart indicates a transition of the initiative to the buyers (1H and 30m TFs)
Price has fixed above 50EMA (30m TF)
I expect that the ZEC could start a rebound if the asset fixes above the support zone.