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ZECUSD

There is a possibility for the beginning of an uptrend in ZECUSDTechnical analysis: . Zcash/US Dollar is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 14. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (43.30 to 49.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (49.00) Ending of entry zone (43.30) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 56.50 TP2= @ 64.75 TP3= @ 73.80 TP4= @ 91.00 TP5= @ 106.70 TP6= @ 127.65 TP7= @ 157.05 TP8= @ 184.90 TP9= @ 220.60 TP10= @ 328.65 TP11= @ 375.70 TP12= @ 503.10 TP13= Free
BITFINEX:ZECUSDLong
by ForecastCity
3
There is a possibility for the beginning of an uptrend in ZECUSDTechnical analysis: . Zcash/US Dollar is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 14. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (43.30 to 49.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (49.00) Ending of entry zone (43.30) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 56.50 TP2= @ 64.75 TP3= @ 73.80 TP4= @ 91.00 TP5= @ 106.70 TP6= @ 127.65 TP7= @ 157.05 TP8= @ 184.90 TP9= @ 220.60 TP10= @ 328.65 TP11= @ 375.70 TP12= @ 503.10 TP13= Free
BITFINEX:ZECUSDLong
by ForecastCity
8
Zcash has an inflation bug, and nobody's talking about it.sit down around the fire and let me tell you a story that many of you may not have heard. once upon a time, there was a group of people who wanted to launch a cryptocurrency called Zcash with a fucked up trusted setup, 2 MB block size, founders reward, unverifiable supply, and experimental technology using people's real, hard earned money. what could go wrong? there was more hype over ZEC than jeffrey epstein on the way to his island. people said before launch, what was acceptably sane talk, things like "zcash is the bitcoin killer" and "zooko is a genius." the zcash team decided on a "slow" reward emission at the beginning to try to put all the miners having a boner into a cold shower. so the block rewards were extremely small. poloniex listed zcash first. miners started posted absofuckinlutely ridiculous asks, but because scarcity + hype = stupid, there was a guy who paid for ZEC at a rate of 5000 BTC per ZEC when it got listed on polo...i saw it happen with my own eyes...im sure he thought, wow what a steal, it's the next bitcoin. if he needed anymore confirmation, at one point at a meetup zooko said (i kid you not) that he "doesn't actually specifically know how zero knowledge proofs work". But how can i blame the guy? I mean, it's a free country amirite. i can't think of a more fucked up piece of shit than zcash. nobody even uses the privacy features. i see lots of people blaming the dump on the founders reward. perhaps that contributes to it. but many people dont know that the supply is unauditable. if someone figured out a way to print billions of ZEC, there's literally no way to tell. can you find a better explanation for this god forsaken chart than that? and i hear that they are creating a new blockchain, a zcash 2.0! for giggles: www.reddit.com
by Captain_Falcon
7
Zcash Analysis: 6 Hour timeframe Chart PatternsConclusion for today’s Zcash Analysis: Price closing above ~69.26 implies resumption of a bullish price swing in Zcash. Zcash analysis for today is presented using a 6 hour timeframe (log scale) bar chart. Over 5 months of price data is shown on the chart from February 2019 to current date. The bullish move in Zcash from the February 06, 2019 low reached a price peak of 131.37 on June 26, 2019, followed by a sell off that is captured using a bearish channel. A break in the long term bullish trendline on July 29, 2019 suggests additional strength to the downside. However, price action currently testing the upper boundary of support at ~63.02 has failed to continue momentum to the downside and therefore indicates caution for the current downtrend. A close below 63.02 increases the chance of testing the lower boundary of support at ~58.07, with a break below indicating bearish strength that should reach the February 06, 2019 low. Conversely, price closing back above its long term trendline and also above the 69.26 price level does argue against further move to the downside i.e. weakness in the downtrend.
POLONIEX:ZECUSD
by Coin_Analyst
1