ZECUSD
Follow institutional investors. The ZCash investment reportSupplement to:
Realized-Capitalization-ZEC-trading-at-a-60-discount
A-detailed-investment-case-with-supplementary-offsite-data
Privacy coins occupy a function within the cryptocurrency industry that many of the early adopters of cryptocurrencies consider essential.
Bitcoin itself is often incorrectly referred to as an anonymous way of transferring value. Security experts call it pseudonymous privacy, like writing books under a codename. You can preserve your privacy as long as your wallet address is not linked to you.
1- Privacy solved with leading technology
Originally based on Bitcoin Core's battle-tested codebase, ZCash was able to capitalize on the privacy issues of Bitcoin and forked its codebase so that there are now two types of transactions on its blockchain: shielded (using zk-SNARKS) and unshielded (just like on the original Bitcoin blockchain), making privacy an option for its users. zkSNARKs are the most exciting/interesting way (as Vitalik or Snowden would say) to make blockchains private.
2- Efficient, usable, widely supported
Zcash is a fast, reliable and inexpensive way to send money or digitally purchase goods and services. It is also supported by all the top exchanges and wallets.
For a detailed list see Figure 1 here:
imgur.com
3- Multisignature transactions
Zcash supports transactions that require multiple signatures. This means that a transaction may require two or more parties to agree to the transaction before funds are sent.
4- A world-class team
ZCash is led by Zooko Wilcox-O'Hearn, a world class computer security specialist. The team has by far the most expertise in zero-knowledge cryptography, it's natural that they are looked to and respected.
5- The Controversial Founders’ Reward
10% of the eventual monetary base goes to the founders so that there is continued incentive and continued resources for the founders to improve the value of the coin. I am backing Edward Snowden in the logic that a reward is important to attract the best minds to work on the Zcash project. Consistent payment of the developers allows them to discover issues and patch them before they can be exploited by opportunistic parties. Whilst this is open to debate, a steady budget should help push things forward with development and education.
6- Exposure: Zcash for Institutional Investors and Family Offices
There are a variety of potential market participants, among them hedge funds, venture capital firms, high-net-worth individuals, and pension funds that now have financial options available:
Custodians: hold your Zcash for you to help minimize the risk of lost keys or theft
Investment vehicles: allow investors to gain exposure to Zcash without having to hold it themselves.
Trading firms: offer access to counterparties for the purpose of large over-the-counter (OTC) trades.
For a detailed list of some of the big names involved see Figure 2 here:
imgur.com
7- Progressing towards becoming audit and regulation friendly
In the world of cryptocurrencies and digital assets, which by default are intangible, trust, risk management and reasonable assurance are key. In the crypto market there is a huge problem with market integrity and with consumer protection. Music to the ears of regulators is that payment disclosure and special "viewing keys" can be used to share transaction details with trusted third parties for compliance or audits or to comply with regulatory requirements.
8- Audited meticulously
Zcash is going to great lengths to make sure their code is world-class by ensuring world class cyber security audits by third parties. This separates Zcash from 99% of all other cryptos out there.
For more information on cyber security audits please see the respective reports at Kudelski Security, NCC Group, QEDi and Coinspect
Additional positive quantitative data:
Figure 3: Stacked Daily ZCash Exchange Volume_ZCash Market Capitalization:
imgur.com
Figure 4: Realized Market Capitalization vs Market Capitalization_ ZCash Undervalued
imgur.com
Zcash Price Analysis ZEC / USD: As Low As It Can Go?Zcash / USD Short-term price analysis
Zcash has a bearish short-term outlook, with the ZEC / USD pair tumbling to its lowest trading level since May this year.
The four-hour time frame shows that a minor bullish reversal is currently underway, after a well-defined bearish head and shoulders pattern reached its overall downside projection.
Technical indicators across the four-hour time are now attempting to turn bullish.
Pattern Watch
Traders should note that the ZEC / USD pair may start to test back towards the neckline of the bearish head and shoulders pattern.
Relative Strength Index
The RSI indicator on the four-hour time frame is attempting to correct higher, although it remains technically bearish.
MACD Indicator
The MACD indicator on the four-hour time frame is turning bullish, with the MACD signal line and histogram issuing a buy signal.
Zcash / USD Medium-term price analysis
ZCash has a bullish medium-term trading bias, with the ZEC / USD pair holding above critical technical support on the daily time frame.
The daily time frame is showing that ZEC / USD bulls successfully defended the pair’s 200-day moving average. The large inverted head and shoulders pattern on the daily time frame remains valid.
Technical indicators on the daily time frame are bearish and continue to issue a sell signal.
ZEC / USD Daily Chart by TradingView
Pattern Watch
Traders should note that a complex inverted head and shoulders pattern may be forming on the daily time frame.
Relative Strength Index
The RSI indicator remains bearish on the daily time frame, although it is attempting to correct from oversold conditions.
MACD Indicator
The MACD indicator on the daily frame remains bearish and continues to issue a strong sell signal.
Conclusion
Zcash has undergone a strong reversal after the bearish head and shoulders pattern on the four-hour time frame reached its overall downside projection.
Medium-term ZEC / USD bulls still have the upper hand while price trades above the pair’s 200-day moving average and the large inverted head and shoulders pattern remains technically valid.
ZECUSD Rising Wedge and Fall Back Into Previous Channel SHORT 4HZEC was in an upward channel and broke out of this channel on the 4H.
A rising wedge then developed and ZEC broke under support and back into the triangle. In addition a bearish H & S formed.
We can also see bearish divergence on the RSI . (HH and LH)
Target set slightly less than height of the rising wedge formation and SL set above the channel.
ZEC/USD with solid 10% profit potentialAnother great one that my mentee Murat has recognized (all credits to him): ZEC/USD on the 4H is currently about to breakout above the 92-95 range with the wicks (have to be careful to not get faked-out, you can let yourself partially trigger in this case).
In this case we definitely have the chance to reach the 100 Dollars psychological, and even the previous S&R zone on the Daily at 105, which would give a solid 10% profit potential:
Further S&R zones at 145 & 155 would be on the way afterwards, but we definitely would expect a reaction from the bears at 105 at the latest, before we can move higher.
My mentee is able to recognize this after 3 weeks of intense training, where we're going through chart setups for 2 hours straight on every call together, training the chart anatomy with trend changes (HL/LL/), important S&R zones, indicator confirmation like RSI, and so much more, where he can ask me any questions that are unclear to him. The rate of improvement is maybe 10 times higher as if you were to figure it out by yourself, and will spare you immense amount of headaches, and especially money through noob mistakes.
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