ZECPERP trade ideas
Zcash ZEC Crisis Continues. Liquidity x Price StalledHalo is coming soon, but nobody cares, nobody knows, nobody has money to invest for Zcash
Among the features included in the next Zcash network upgrade is Unified Addresses. The unified address (UA) is a future-proof Zcash address format that improves usability, increases the ease of interoperability, and supports shielding Zcash by default.
In this post, we will explain the benefits of unified addresses, how they work and how they fit within the broader Zcash ecosystem.
Background
Zcash is always improving — implementing cutting-edge cryptography with secure, professional-grade code. As Zcash evolves, new value pools are introduced that offer better features and benefits. This was the case when Zcash upgraded from Sprout to Sapling, and it will be the case when Zcash upgrades from Sapling to Orchard.
Multiple address types can negatively impact the user experience. They are not unique to Zcash; in fact, many protocols face this challenge, including Bitcoin. This is because certain protocol improvements (such as SegWit in Bitcoin) require a new address format.
UAs make Zcash easier to use by removing the complexity of multiple address types. This simplifies the user experience — no more juggling addresses — and increases interoperability between shielded-only applications and transparent-only applications. If a wallet supports auto-shielding (a new feature included in Halo Arc), their users can be confident that their funds will be shielded by default and stored in the latest shielded pool.
UAs will also make network upgrades easier because Zcash can iterate quickly without introducing new address types — solving a huge problem faced by many protocols today.
The single-address standard will also advance use cases related to Layer 2, DeFi and interoperability, because it will be easier to build applications and tools for Zcash.
What are UAs?
Unified addresses are generated from a set of multiple Zcash address types (i.e., transparent, Sapling and Orchard). Think of unified addresses like a universal travel adapter that lets you plug into different sockets. They make it easy for wallets to migrate funds to the latest shielded pool while gradually deprecating older technology. With unified addresses, wallets will default to moving coins to the latest shielded pool supported by the wallet. These features, auto-migration and auto-shielding, are part of ECC’s Halo Arc product suite.
With the upcoming Orchard upgrade, there will not be a stand-alone Orchard address. Instead, users will access the Orchard shielded pool through a unified address.
Zcash (ZEC) to $1500On the above weekly chart price action made a 90% correction with oversold condition (orange column) followed by a consolidation period. That consolidation period has now ended resulting in an excellent buying opportunity.
Why bullish?
1) The trend. Lower highs lower lows are no longer since the bottoming candle. A trend reversal was confirmed at the breakout of market structure.
2) Price action is above the 100-week EMA following the 21-week crossing the 50-week. very bullish.
3) Lastly the ZEC/Bitcoin chart. More than 2-years of price action resistance was recently broken following an oversold condition. Fantastic.
1st target $1500
A buy from $103 is excellent if you can get it, unlikely to fall below that in the near term.
Weekly ZEC/BTC chart:
ZECUSD ❕ volatility narrowingZcash went up from the descending channel.
Price is moving between two liquidity zones.
During the sideways movement, trading volumes decreased.
Volatility has declined.
Price and RSI have formed a bullish divergence on the 30m Timeframe.
I expect that after a break of the downtrend line the price will test the upper boundary of the liquidity zone, and after fixing above it will start the upward movement.
ZECUSD Expected Outcome: 18.06% IncreaseZECUSD Inverse Head and Shoulders. Entry at 71.00 and Exit at 83.82.
ZECUSD ❕ Head and shouldersZcash is moving in a downward channel near the upper boundary, between the two levels.
While moving near the support level, the price formed a head and shoulders pattern before reaching the resistance level.
Price is above the major MAs (1H TF)
50MA broke up 200MA (30m TF)
Price is above liquidity, but volume growth has slowed.
I expect the ZEC may continue to bounce if it fixes above the resistance level and trading volumes increase.
*good opportunity to buy Zcash*if we use Gann Fan with Ichimoku here, we can see there could be a good reversal. Look at the yellow vertical line. There was a downtrend in June 5. we set the Highest price and Lowest price when the Kijun Sen breaks upwards, we will set a vertical line on the highest price 1/1 line and lowest price 1/1 when they break each other on the Kijun Sen break Line. Well, there is a downtrend, so we could see a reversal position using Gann fan, based on this strategy i guess Zcash goes up. In the other hand, after 73 days of the highest price on March 28 there is a downtrend now, so i guess we will see a upside reversal in the next days.
ZECUSD ❕ gaps during growthZcash dropped below the mirror support level after reaching the upper boundary of the channel.
Growth happened on declining trading volumes.
During the growth, the price formed several gaps.
ZEC is testing the 200MA on the 4H Timeframe and the downtrend line.
I expect that the price may continue the correction after fixing under the resistance level.
ZECUSD ❕ upward channel is formedThe price broke up 200MA on 1H Timeframe.
Zcash holds the upper boundary of the downward channel.
The price formed the upward channel.
Volatility declined like volumes of trading.
I expect that the price will growth after fixing above the support level.
Can Zec start the cypher run ?Oh yes it can . Red channel providing the support . Set your stops and target 140s ...
Red-Line Zcash Pump June 1st or permanent Rekt Asset What are the economics of Zcash?
Zcash's monetary base is the same as Bitcoin's — a fixed supply of 21 million Zcash currency units (ZEC). Every 75 seconds, a new block is mined to the Zcash blockchain and a block reward of 3.125 ZEC comes into circulation. The amount of the block reward cuts in half about every four years until all 21 million ZEC are in circulation. Zcash inflation almost precisely mimics that of Bitcoin. It’s important to note that as new coins are created inflation goes down, and at each halvening the rate drops significantly. As of the Canopy activation, 20% of the Zcash block reward is distributed to a Community Development Fund. For more information about distribution, see the Funding, Incentives, and Governance blog post.
How can we determine the amount of ZEC in circulation within transparent and shielded pools? How does Zcash prevent counterfeiting?
Zcash miners validate every on-chain transaction. Transactions that involve a shielded address (either sending or receiving) come with a zero-knowledge proof. The zero-knowledge proof ensures that the transaction doesn't violate the "conservation-of-money" rule (i.e. a proof that the money coming out of the transaction is less than or equal to the money going into the transaction). ECC uses Turnstiles as a method of auditing the monetary base in Zcash’s shielded pools.
Is Zcash protected against quantum computers?
Zcash is better-protected against future (hypothetical) quantum computers than almost any alternative, primarily due to the fact that Zcash addresses ("public keys") do not get posted on the blockchain. Scientists at the Electric Coin Co., and in academia, are actively researching postquantum-secure alternatives to any affected cryptographic components. Members of the community plan to monitor developments in postquantum-secure components, and if/when they are mature and practical, update the Zcash protocol to use them.
What is a zero-knowledge proof? How does Zcash integrate it?
Zero knowledge proofs are a scientific breakthrough in the field of cryptography: they allow you to prove that a statement is true without revealing the statement itself. Think about this example: if you want to prove you are old enough to drink alcohol, you generally have to show your ID card which reveals a lot of information about you beyond just your age. Your ID card can reveal your address, your face, your height - all of that has nothing to do with your age. A zero-knowledge proof could let you prove that you are old enough to enjoy a cold beer and only that. Zcash uses a particular type of zero-knowledge proof called zk-SNARKs (or "zero-knowledge succinct non-interactive arguments of knowledge"). These zk-SNARKs are used in any transactions that involve shielded addresses. Dive deeper into zk-SNARKs and how they work in Zcash on the explainer page.
What mining algorithm does Zcash use?
Zcash currently uses Equihash as the proof-of-work for block mining in Zcash. Equihash is a proof-of-work algorithm devised by Alex Biryukov and Dmitry Khovratovich. It is based on a computer science and cryptography concept called the Generalized Birthday Problem. As of May 2018, Zcash's Equihash parameters have been implemented in custom hardware ("ASIC") miners. ECC is closely monitoring the effectiveness of alternative consensus algorithms such as PoS and will continue to evaluate as part of our long-term roadmap to increase scalability and sustainability.
What are the general characteristics of a Zcash block?
Average block time: 1.25 minutes (75 seconds)
Maximum block size: 2MB
Block Reward: currently 6.25, 3.125 after November 18, 2020
Each 4 year period, the ZEC creation amount will halve (from 12.5 to 6.25 to 3.125 to 1.5625 and so on).
Zcash end of awareness phaseZcash made a new ATH in market cap already and has left the awareness phase after a two year accumulation phase right before the halving.
Each year in october/november there is a major upgrade for zcash (vertical lines), the red lines show the price of zec at these dates. It has now broken all of these levels.
If we use market cap instead of price to draw fib extensions, we get the
- 1.618 target at 4.4b (~400$)
- 4.236 target at 11b (~1000$)
- 17.944 target at 47b (~4000$)
These are the levels i am watching and a potential channel forming where price is currently somewhere at the midline
This is an update to the linked idea where we were accumulating zcash during the bear market to be well positioned in this phase and participate in the bull now.
Fundamentally I recommend to look into the Halo Upgrade electriccoin.co and Unified addresses electriccoin.co
The next upgrade should bring
- Shieled by default
- No more trusted setup
- Unified address, one address instead of two
- Scaling on chain
ZECUSD ❕ above the downward channelZcash is above the point of control.
ZEC is retesting the 200MA and the upper bound of the descending channel on the 1H Timeframe.
A bullish divergence is forming between the price and trading volumes.
I expect that the price may continue to rise after fixing above the resistance level.
ZEC inverted Heads and ShouldersCCI trending up. Breakout of the descending channel and inverted H&S will have a measured move of around $170.
XMR already pumped hard.
Descending Broadening Wedge Partial Decline at an .886 RetraceWe have a Descending Broadening Wedge with a Partial Decline on Zcash at an .886 Fibonacci Retracement with some RSI Bullish Divergence on the Daily.
ZECUSD ❕ price under the rangeZEC is moving in a downward channel.
Zcash under the trading range.
Price has fixed below the 50MA on the 30m Timeframe.
Trading volumes show no interest in price growth.
I expect that the price may test the resistance level, and after fixing under it, it may continue to fall.
ZECUSDPriced created an N wave formation underneath Kumo, which is a strong bearish pattern. Tenkan-sen, Kijun-sen, and span are under Kumo which is also bearish. Take profit is marked by the fib extension tool.
WhatZupdateStill promising outlook above 100 , circuits will break soon , either way , good luck with tight stops
Possibly Channel down on ZEC Possibly Channel down on ZEC doing a confluence with the pattern of Head and Shoulders, for me is a good moment for doing a short.
ZECUSD ❕ decline of trading volumesZcash is moving in an uptrend channel.
Volatility has declined.
The price is above the liquidity zone.
During the whole movement in the uptrend channel, trading volumes declined, although the price has only increased.
I expect that ZEC may fall in the liquidity zone after fixing under the lower border of the channel.
