Get started

Zec

Weekly support has been completely broken!ZEC has been falling in price over the past few weeks with selling pressure building across the market, and the currency's weekly support range of $45-$50 has been completely broken, turning into resistance. As you can see, in the past, there was a descending channel for the price; the extension of this channel and the selling pressure led the price to the second descending channel. Also, the two support levels that we considered at the prices of $41 and $36 have been associated with a very positive reaction in the second range. The price of this currency has returned to the first downward channel, and if the short-term and favorable market conditions continue, there is a possibility that the price will meet the specified resistance and creates a range trend below the resistance. According to the good return observed on the RSI, if it hits the support level again, the potential for a positive divergence and formation of trend change signs is high.
by MonoCoinSignal
5
ZEC has maintained its trend!ZEC, which was in a downtrend, has maintained its trend, and the price of this currency fluctuates within the downtrend. The selling pressure has brought the price to the weekly support range, which was associated with a positive reaction in the first meeting. Support in the $45-$50 range was once associated with a 60% positive reaction. But it should be noted that this positive reaction in the downward trend is considered as a pullback in a higher time frame. For the short-term, the resistance of the $55 range, if it is retaken by buyers, could signal a trend reversal in the 4-hour time frame. You can also draw a downward trend line in the 4-hour time frame, and if the trend line breaks and the resistance of the $52 range are broken, we can expect the price to grow to the $55, $58, and $60 targets.
by MonoCoinSignal
10
ZEC experienced a range trend over the past two weeks!ZEC experienced a range trend over the past two weeks. After the selling pressure stopped at the $52 support area, buyer support pushed the price back to the $58-$60 resistance level. Buyers tried to turn this resistance back into support, but this range remained as resistance due to the recent price drop across the market. Still, the momentum and direction of the trend are downward, and the price is in a short-term downward channel. Further price declines could continue to the main support range of $50.5-$45. If this strong support holds, a double bottom pattern is possible to form on the weekly time frame. Therefore, the price growth can continue at least up to the resistance range of 70-75 dollars. For the short-term, in the 4-hour time frame, we can see signs of a typical positive divergence on the support levels of $52-55. Therefore, if there is no selling pressure this week, there is a possibility that the price will grow from this range and move towards the ceiling of the descending channel at the price of $60. Once the $60 resistance is broken, the following targets will be available to buyers.
by MonoCoinSignal
11
Zcash ZEC - Privacy 2023/2024Zcash is decentralized, credibly neutral, and, like Bitcoin, has 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 halving, the rate drops significantly.
Long
by cryptolover12
1