ZECUSD trade ideas
Zcash/USD - Private, Promising and Persistant!Zcash was built on the original bitcoin codebase in 2016 and was created by professionals from a variety of institutions, for one: MIT scientist John Hopkins. Zcash is similar to many cryptocurrencies, the main difference being its privacy feature, in which Zcash transaction data ARE posted on the blockchain but AREN’T revealing of user’s wallet addresses.
FA:
- A common misconception about bitcoin is that it is anonymous, although criminals using bitcoin to transact may be slightly harder to trace, they are by no means untraceable. On Zcash “Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount.”
- Zcash is one of the early privacy coins, gaining massive amounts of attention in the 2017/2018 bull run where investors tried to get Zcash back to its $30,000 all-time high price point. It still sits relatively high ranking just outside the top 50.
- 21 million total supply with 11.5 million coins in circulation. The 21-million-coin supply is identical to that of bitcoin, a tested model that seems to be working perfectly as demand grows and supply diminishes.
- Zcash also shares another major similarity. In November of 2020, Zcash undertook its first halving. A halving is when the available supply of coins that is getting mined out of each block is, as per the name: cut in half. This means that miners receive half the Zcash for the same amount of effort, over time this will lead to supply shortages and the demand stays the same or increases the price will surge.
- Zcash is on Grayscale Investments, the most well-known investment fund that supports cryptocurrencies. Zcash was one of the first five cryptocurrencies added to the fund by Grayscale and still remains there amongst less than ten cryptocurrencies to this day. This is big news! For a massive company like Grayscale (with over $30.4 billion AUM) to have the confidence to hold Zcash on this trust shows us how the big money is thinking and proves to us that Zcash is not going anywhere.
- The Electric Coin Company (creators of Zcash) seem to be focused on the product they provide rather than exchange listings and price etc. I see this as a positive thing in the long term due to the fact that there is much competition in the privacy coin space and in order for Zcash to stand out (not just in short term price, but when it comes to mass adoption) it is all about fundamentals.
TA:
- Erratic volume spikes, showing that people are still potentially upset with Zcash as it is still infamous for its unbelievable drop in 2016 and 2018 (where people thought it was going back to its 2016 ATH and were caught off guard).
- Possible short-term fractal Identified. After the fractal plays out, we could see some continuation further towards the 2018 ATH.
- Currently breaking above a two-year-long resistance point, no reason why we won’t see a successful break and R/S flip here especially with money following out of bitcoin and into altcoins and the total market cap gaining tens of millions daily.
- Massive potential, with an ATH of over $30,000 (157x). Although it is impossible to guess as to whether it will return to this point, theoretically, if it’s been there before it could go there again.
- On a smaller time, frame such as the four hourly, we can see that Zcash has entered an ascending channel.
- A large amount of resistance before even the 2018 ATH, however the similarities to bitcoin, unlike some other privacy coins, might pull new bull market investors toward Zcash rather than rivals like Monero.
And remember guys, the longer an asset is on the ground - the higher it will stand up!
Buy Big Sell BIGGER -MegaWhale.
Z CashI have some Z Cash I was checking in on, and it is earning money, so I applied my TA on. My plan is to hold until the end of time, ergo, pointless exercise.
I do not keep my crypto on exchanges because my bitcoin got stolen off of them previously. To this day I won't do the math to see how much I lost in that robbery.
Beyond my sob story, point being I cannot use a stop loss because it's just in some stupid but secure wallet. So what is the purpose of doing this analysis? Truly, I do not know.
Maybe I secretly think some of you are liquid billionaires and my analysis will influence the price of Z Cash? I hope that's not why, because that is F**#**% dumb.
Anyway, here is Z-Cash. I don't think any of the normal market rules apply to crypto, so I don't know what to say.
My totally for entertainment and not financial wisdom says buy crypto and hope you aren't targeted by cyber criminals. What a world we live in.
ZECUSD Zcash Target Price 203.97Entry at 05 APR 2021 19:00 Candlestick
Note: Candlestick Closing Price Is In The Area of the Two Exponential Moving Averages. Resistance Level Turned Support After Price Broke Horizontal Line. Candlestick Is A Pin Bar without a nose. ┬ †
ZCash (ZEC/USD) Potential Launch to 40% GainsZCash has been consolidating and it's looking now like it may launch very soon. All eyes are on 'Big Daddy' BTC right now. If the bulls continue to prevail and BTC enters the (v) Elliott Wave buying climax, ZCash should follow. So keep an eye on this set-up for some potential quick profits. 40% is solid, though it very well may go higher. Safe trading and good luck to all!
This is not financial advice; trade at your own risk. Utilize a stop-loss to mitigate that risk.
Jalapablo
Zcash: Looking Over the HorizonZcash (ZEC) is basically an anonymous version of BTC, developed using the same codebase, with an emphasis on blockchain transactional privacy. How will it fare in the future? I wish I knew, but of this I am pretty certain: Zcash is currently on the move and like BTC will climb out of its re-accumulation phase to new heights shortly. You can track its trajectory here and set your targets according to your trading style and risk/reward ratio. Keep watching so you don't miss out on all z-cash you can collect as it moons (I know -- that was lame). What can I say? The prospect of making HUGE gains always puts me in a jolly mood.
*Not financial advice; trade at your own risk. Utilize a stop-loss to mitigate that risk.
**If you have patience and you like big wins and big money, follow me. I track all 37 USD-paired cryptocurrencies on Coinbase (and many others) and regularly seek out the most potentially lucrative position/swing trades for you. All my charts are clean, straightforward, and easy-to-follow. My technical analysis is based on a combination of Wycoff market phasing, Elliott Wave principle & Fibonacci ratios. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags! The more intrepid traders can let the winners run a bit longer if they choose. Good luck and safe trading to all!
ZECUSD 2.81R50% Fibonacci Retracement of Pin Bar Candle. Entry at 167.26. Stop Loss at Pin Bar Tail. Target at previous Swing High. Reward to Risk is 2.81.
ZEC bullish trend??A lot of friends have been asking for this...
I don't know much about the fundamentals of this coin.
This is only what I read from the chart.
So in a short period of time
ZEC has been making a nice bullish triangle...
If it breaks up we could see a possible move up to the area around 240 and if there was some huge volume... we could potentially see the price moving around 300...
But first, we need to see it go through the resistance area.
We could also see a breakdown. Then we could see the price moving around 95. Which would be bad.
In long term
ZEC seems in a bullish trend right now. And I think it´s slowly getting to its fair value between 200 and 300.
Time for ZEC to perform.Couldn't help but notice the similarities, we'll see if and for how long history likes to repeat itself.
Personally (wishful thinking alert), I think we'll trade inside the orange box for a few days and shoot up from there. First target would be around 230$ (depending on ZEC/ BTC ) before facing some good resistance.
If this idea is not completely wrong, I'll try my best to update it.
ZECUSD Entry Price 162.17ZECUSD. Entry Candle. Date 2021 April 01. Time 21:00.
Closing Price 162.17
Exponential Moving Average (10) 160.51
Exponential Moving Average (20) 158.63
Low 158.76
Note: You want the closing price to be in the zone area of the two exponential moving average. Or you want the closing price to be above both exponential moving averages. In this trade set up, closing price is above both exponential moving averages. Closing price of the retest candlestick is near the price value of the exponential moving average period 10.
ZcashHere we have a suitable position for set buy zcash/usdt. In weekly time frame this currency broke the neck lone (head and shoulder) and we have also nice a pullback that shadows are obvious in chart that we can understand: we have buy pressure in this point. when we look closely to the chart we can see also a big double bottom. so we can set a but position here until neck line of double bottom pattern.
