Zcash
ZEC Chart Speaking "Volumes" Don't Hold BackThis is a short term view on ZEC
On chart there is a setup across the Mac D, Stochastic RSI, Volume & Price Action (finding support above moving averages) that mirrors a previous reversal in January of 2020.
Following this setup Zcash saw a near 200% move from beginning of January until basically Valentines day. Price rose from around $25 to $75 (roughly).
These similar conditions are currently present in the chart. A similar move would take us around the $165 region.
These are only speculative short term ideas. In a macro view I think I should be acquiring as much ZEC as possible.
My mindset on ZEC aligns with the billionaire crypto exchange owners words.
"Zcash $ZEC is easily the most underrated crypto right now. It brings privacy to money, which is a fundamental building block of a free and open society." - Tyler Winklevoss
Not Financial Advice.
Zcash vs Gold About to Moon!Zcash and a handful of privacy coins for that matter are primed to pump into 2021. As economic collapse ensues, natural disasters rise, and the global reset takes shape, privacy and freedom of conscience will quickly become a very scarce commodity in our world. However out of many a 'remnant' will survive. Rev. 12:17;)
Best wishes!
ZCASH $100zcash, the immutable swedish bank account in your pocket
in a time we need privacy the most
ZEC bottom - maybe? No way to really chart this one. BTC and USD overlaid here. Looks like we are approaching absolute bottom on both trends.
ZECUSDT - Potential breakout ZECUSDT is consolidating in a symmetrical triangle pattern.
Breakout is imminent.
Possible price actions are indicated on the chart.
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?
LONG ZEC BULLISH DIVERGENCEIf you have been following me you will have seen I love trading divergences. I have spotted an exaggerated bullish divergence on the 4h ZECUSDT pair. This divergence is also present in lower time frames.
There is also a double bottom and we might see a decent pump on this pair.
I take profits along the way but the ultimate target is the previous local top.
This is not investment advice. Please manage your risk and don't put more than you are willing to lose.
ZEC to test $50 support before deciding the move upZcash has had a great year with tech roadmap items being completed on time and its first halving. The privacy oriented community is growing and with it, the accumulators eating up the supply as the mining difficulty breaks ATHs.
ZEC is still tied to the overall crypto market & BTC's pice movements, but it will not spend much time being discounted at/below $50.
💡 Don't miss the great buy opportunity in Zcash/TetherUSTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (66.27). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Zcash/TetherUS ZECUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 75.55
TP2= @ 81.00
TP3= @ 90.00
TP4= @ 94.00
TP5= @ 102.15
SL= Break below S2
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💡 Don't miss the great buy opportunity in Zcash/TetherUSTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (66.27). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Zcash/TetherUS ZECUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 75.55
TP2= @ 81.00
TP3= @ 90.00
TP4= @ 94.00
TP5= @ 102.15
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ZECBTC - Scoping Long positionsHere we have a long term long position on ZCASH - weekly chart shows a potential double bottom (formed support) zooming into the lower time frames it looks great. Ill leave the TA to do the talking, will monitor this over the next few days.
ZEC- King of anon coins (Multi-time frame analysis)By far, the most sophisticated anon and privacy-focused coin in the crypto world with its zk-SNARKs (zero-knowledge proof cryptography). Vitalik and Snowden vouch for Zcash and Zooko is behind it and there is a dedicated group of experienced cryptographers and engineers working on it. Yes, sometimes, you have to sacrifice a little bit of decentralized feature in exchange for centralized efficiency.
Now that the controversial founder's reward is gone and the high inflation rate is cut in half after the November's halving, I expect ZEC fundamental to be strengthened which will in turn attract more investors.
Dash (check my Dash posts below) may have more daily active addresses and transaction per day than ZEC, but ZEC has the highest daily transaction volume among the big three anon/privacy-focused coins (ZEC, XMR, DASH).
Weekly chart has just turned bullish as shown by most technical indicators. ZEC seems like it's ready for the breakout as it's extremely undervalued.
Time to accumulate ZEC and place the stoploss below $50.
Just my opinion. Not the investment advice.
