$ZEC Zcash to fall 50+% from these levelsIf you look at the price action on the Zcash chart, price just tested and rejected the resistance at $163, which now sets up the possibility to fall to $56-70 as the next supports. If price can't hold there, then it can fall more. Just from looking at the chart, my interpretation leans towards price finding the $26 support before bouncing.
I think that's likely to play out over the coming weeks. I put pivots on the day for key dates to watch for changes in price action.
Let's see what happens.
Zcash
Monero ZCash long.....Monero and ZCash the cryptocurrency that allow unteachable transactions from 24 February ( Start of Ukraine war ) are drastically over performing Bitcoin.
Volume are all also very high this increase in utilization and price might be due to the fact that they are used by Russian to get around western sanction
Z-Cash: Fibonacci Charts the Course AheadA Fibonacci 5, 3, 2, 1 countdown can be seen on ZEC's chart which began in March of 2019 and is set to conclude in Feb 2022. My guess is that this is when privacy becomes a hot topic and ZEC finally breaks it's downtrend and enjoys a monster rally. ZEC seems to have pivoted at 0.003 and is now trending up to retest the trendline at 0.0053. I don't tihink we'll bust through here - it just doesn't seem like time yet. But this is a phenomenal time to triple or quadruple your stack if you play the ride up to 0.0053 and back down well. I'm in!
ZCSH Zcash Grayscale Trust - OTC Market Redemption Arc GBTC ETHE
Zcash Idealism:
In November of 2016, journalist Morgen Peck showed up at her friend Molly Webster's apartment in Brooklyn, told her to take her battery out of her phone, and began to tell her about The Ceremony, a moment last fall when a group of, well, let's just call them wizards, came together in an undisclosed location to launch a new currency.
It's an undertaking that involves some of the most elaborate security and cryptography ever done (so we've been told).
And math. Lots of math. It was all going great until, in the middle of it, something started to behave a little...strangely.
Zec Buy alert triggeredZcash alert triggered buy side. Have a stop loss at 188.55 and a take profit at 210.80.
ZEC RSI CROSS! ❎ 🚀As the title states, we are at an huge RSI cross for ZEC .
My position: T194.47, encompassing 50% of allotted, available trade capital for margin ZEC trades today.
Remaining 50% of capital will be placed either directly back T194.47, or I will wait for an eventual drop to the T189.97 level.
Let's do this.
ZEC Moving(+), predictions...Here I go into a detailed overview of how I use the RSI to visually recognize crosses , to forecast price fluctuation.
I also go into a bit of detail as to how I believe ZEC is going to be playing out in the coming 1-2 weeks.
Be prepared to be long in the short-term, with vigilance as ZEC readies itself to hit its historic downtrend rolling on south from about a year ago.
Zcash ZEC low timeframe trend decision day. Reverse SoonUpside technical Resistances: TLDR "Its all in your head"
210-215 - 1W ichimoku edge range
235 - 1W BBand Upper
250 - Psychological
300 - Psychological, prior local top
400 - Psychological, prior multi-year top
500 - Psychological
800 - Prior Long Term ATH 2017-2018 meaned wick
1000 - Psychological
1500 - Psychological
2000 - Psychological
2500 - Psychological
Zcash was launched by one of the most respected technical teams in the world.
Zcash is the 'https of blockchains,' protecting your freedom to save and spend as you like.
Zcash was the first project to implement zk-SNARKs, a novel form of zero-knowledge cryptography that gives its users the strongest privacy available in any digital currency.
Multiple, independent organizations are funded to innovate on Zcash.
Zcash is already available on top exchanges, digital wallets and a growing number of applications.
$ZEC Long-term Trend = PT Sub $100?Zcash continues to reflect bearish decline in spite of the wildly volatile price action.
Trendline indicates sub $100 PT remains valid, although $240 is within reach & flirting with $260 is not unrealistic.
Solid opportunities for momentum trading long & short positions.