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Trading Analysis of ZEC/USDT (Zcash)The price has been in a long-term downtrend since its peak in 2021. This is evident from the downward sloping orange dotted lines. The green horizontal line around $100 marks a significant resistance level, while the red horizontal line around $20 represents a crucial support level. Relative Strength Index (RSI): RSI Trend: There is a noticeable bullish divergence on the RSI indicator. The price has been making lower lows while the RSI has been making higher lows, suggesting potential upward momentum. MACD: The MACD line is below the signal line, but there is a narrowing gap, indicating a potential bullish crossover in the near future. Histogram bars are getting shorter, indicating a reduction in bearish momentum. Volume: A significant drop in trading volume compared to previous peaks, suggesting reduced trading interest but also less selling pressure. Fundamental Analysis Launch: Zcash is one of the oldest cryptocurrencies, launched in October 2016. Purpose: Zcash focuses on privacy and anonymity. It uses advanced cryptographic techniques to offer users the option of "shielded" transactions, which allow for completely private transactions. Technology: Zcash uses zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge), a novel form of zero-knowledge cryptography. Development Team: The Zcash team is known for its strong cryptographic research background and continuous improvement in privacy technology. Market Sentiment: Zcash remains a well-respected project in the cryptocurrency community, especially among those valuing privacy. Regulatory pressures on privacy coins could affect Zcash, but its advanced technology keeps it relevant. Increased demand for privacy in the digital age could bolster Zcash’s adoption. Price Goals Support Level: $20.00 - Holding above this level is crucial. Immediate Resistance: $25.00 - Breaking above this could lead to a short-term rally. Medium-Term: Next Resistance Level: $40.00 - This is a significant level from a previous consolidation phase. Long-Term: Major Resistance: $100.00 - This level aligns with the historical high and could be a long-term target if the bullish trend continues. The technical indicators suggest a potential reversal in the bearish trend, primarily supported by the bullish divergence in RSI. Fundamentally, Zcash remains strong due to its unique privacy features and continuous development. Price targets should be approached with caution, considering both the technical levels and broader market conditions. A break above the immediate resistance could signal a stronger upward move, but sustained momentum will be key. Investors should keep an eye on trading volumes, market sentiment, and any regulatory news that could impact the privacy coin sector.
Long
by alfra
Zcash Turbulence Ahead: 2025 BreakoutZcash is a cryptocurrency network that launched in October of 2016. Like other cryptocurrency networks (e.g. Bitcoin or Ethereum), Zcash allows anyone with a computer and an Internet connection to send and receive scarce tokens that can be used like cash on the Internet. The software that powers Zcash is directly derived from Bitcoin’s core software, but it has been modified in order to enhance user privacy. The members of the network who relay, validate, and bundle user transactions into blocks are, like in Bitcoin, commonly called miners. These miners are rewarded for honest participation with transaction fees and newly minted Zcash, and they must solve a difficult math problem (similar but distinct from Bitcoin’s mining algorithm) in order to earn the privilege of participation. As with Bitcoin, anyone can be a miner on the Zcash network, all they need is an Internet connection, a reasonably powerful computer, and the free and open source Zcash software. Zcash is an open blockchain network.
KRAKEN:ZECUSDLong
by noam_chom
3
ZEC/USDT descending resistance should price break above? 👀🚀💎Paradisers, gear up for a promising trading opportunity with #ZECUSDT as it challenges a descending resistance. A successful breakout could trigger a significant bullish rally. 💎 At present, the price is testing the descending resistance and we anticipate a bullish continuation from the crucial demand zone at $21.60. If the price maintains its momentum at this level, there's a high chance it will ascend, breaking through the descending resistance, with the next target potentially lying within the specified resistance zone in our trading plan. 💎 However, if #ZEC fails to hold its ground in the demand zone and falls below $21.60, this could indicate a weakening of the bullish trend. In such a case, the price may drop further towards the next significant support level at approximately $19.54. 💎 Should #ZEC fail to recover convincingly from $19.54, and if it shows a decline in volume, this might point to a loss of bullish momentum. A definitive break below this support level would compound concerns regarding the bullish outlook and could lead to a more extensive bearish trend. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
ZEC/USDT It required break, potential significant upward move!💎 Paradisers, #ZEC is indeed a coin worth monitoring closely. 💎 Currently, ZEC is facing resistance at the 27 level. ZEC successfully breaking out of this resistance with a strong green candle would indicate bullish momentum, especially after breaking the ascending triangle pattern. 💎 However, if ZEC fails to break above the resistance and instead forms a rejection bearish candle, it could signal a potential retracement back to the support area around 24.3. From there, ZEC may gather momentum for another attempt to break the resistance. 💎 On the other hand, if ZEC breaks the resistance at 27 without retesting the demand area, it may continue its upward movement, potentially reaching our target strong resistance area. 💎 A concerning scenario would be if ZEC fails to bounce upon retesting the support at 24.3. A breakdown below this support level could lead to a further downward movement towards the key demand area at 21.6. ZEC must bounce from this area and reclaim the support level to maintain the bullish scenario. 💎 The bullish invalidation would be confirmed if ZEC breaks below the demand area, especially with a daily candle close below it. Such a move would indicate strong bearish momentum and could lead to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
Jaguar Mining Gold = micro-cap scam: Be Cautious Zcash is Better Jaguar Mining Announces Ten To One Reverse Split Jaguar Mining this morning announced that the company will be going ahead with a previously proposed share consolidation on the basis of one common share for every ten shares currently held by shareholders. Further, the company intends to conduct a $0.08 dividend on a post-consolidated basis five days after the completion of the consolidation. The consolidation, as per the company, was approved by an annual general and special meeting of shareholders held on June 5, 2017 – a mere three years ago. The company was provided with conditional approval from the Toronto Stock Exchange on July 17, 2020. The effective date for the ten to one reverse split is said to be August 27, 2020. thedeepdive.ca
OTC:JAGGF
by noam_chom
Z-CASH - ZEC LONGZEC looks amazing long term, we are confident in the performance of this coin and hold a good amount from the 20-24 $ levels. However, here were looking at a potential trade set up to go long with high leverage. We are looking for a partial rise within this broadening structure. The closer to 24$ we get the easier it will be to manage risk, having said that we have already achieved a 50% retrace to $27.3 meaning we can accumulate from this level to the 0.786 retrace assuming we are currently in Wave 2 of a larger impulse structure. We will update within the community on our leveraged long entry.
Long
by SynergyTradingSetups
ZEC/USDT Gearing up for a Potential Rally? 👀🚀ZEC Analysis💎Paradisers, let's focus our attention on #ZECUSDT, as we're poised for a potential bullish departure from its critical support area, indicating a hopeful rise. 💎Approaching a significant support checkpoint, $Zcash is on the edge of retesting the $23.46 support level once more. The observed dip in volume at this juncture paves the way for a continued bullish path starting from $23.46, with a spike in volume hinting at a possible shift in momentum soon. 💎However, if #ZEC's valuation slides below this essential support, it signals a time for strategic reassessment. We're bracing for a bullish rebound from a deeper support at $18.61. If SEED_DONKEYDAN_MARKET_CAP:ZEC finds it challenging to kickstart a bullish trend from this level, we may witness a deeper dive. 💎Vigilance and the ability to pivot are essential as we tread through the #ZEC market's shifting sands. We are always ready to realign our strategies to stay in step with market trends.
Long
by MyCryptoParadise_Simon
3
ZEC/USDT bullish ride? 👀 🚀 ZCASH today analysis💎 Paradisers, focus on #ZECUSDT! An interesting pattern has emerged as it finds itself in a demand zone, hinting at a possible bullish journey ahead. 💎 #ZCASH is currently moving within an ascending channel, and it has impressively broken above a significant resistance at $26.09. Following a successful retest, it continues its climb. Its position in the demand zone boosts the likelihood of maintaining a bullish path. 💎 Additionally, a notable resistance zone lies ahead. We anticipate the price may soon make another attempt to breach this barrier in the coming days. 💎 However, stay vigilant: a dip below a crucial support level could indicate a shift to bearish territory. As always, ensure you're using wise trading tactics and setting appropriate stop-loss orders! Keep an eye on market trends and anticipate further updates.
Long
by MyCryptoParadise
EOS AND ZEC/ZCASH so identical, but... !They have moved in pretty much the same style although the ZEC's cycle took 3yrs since the top while EOS's top was in 2018 Will the pair divorce now? Either way for both pairs the typical ending structure with a wedge is obvious and their bottoms should be close or be done already But the danger of a new ATL is on ZEC's side for now --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No financial advice, do your own research, don't be stupid
BITFINEX:EOSUSD
by NastyBeer
1
ZEC/USDT Getting rejection, Keep an eye on the demand area!!💎 ZEC has recently encountered significant developments in the market. Currently, ZEC is facing a critical resistance area. If ZEC experiences a strong rejection of this resistance, it may retreat and retest the demand area. 💎 However, if ZEC successfully breaks above this resistance, it could signal bullish momentum and lead to a significant upward movement, possibly reaching our target at the bearish OB area. 💎 If ZEC retraces to retest the demand area after failing to break the key resistance, it's crucial for the price to bounce from this level and resume its upward trajectory in an attempt to break the resistance once again. 💎 However, if ZEC fails to bounce at the demand area and instead breaks down, it would indicate a bearish signal. This could lead to a continuation of the downward movement, with the price potentially decreasing further.
by MyCryptoParadise
ZEC/USDT resistance turned to support? What next💎Paradisers, it's time to set our sights on a promising trading opportunity with #ZECUSDT, currently poised at a critical support zone, hinting at an upcoming bullish reversal. 💎ZCASH's Market Trajectory: As we delve into the journey of #ZCASH, we've noted a bounce back from significant resistance. Presently, the price is challenging a key resistance level. A break above this level, accompanied by sustained momentum, signals a high probability of a bullish advance. We're on standby for solid confirmation that the resistance has indeed become support. With continued upward momentum, the price aims to assault key resistance levels at $43.31 or even $50.21. 💎Bullish Bounce and Bearish Warning: Should SEED_DONKEYDAN_MARKET_CAP:ZEC 's momentum start to wane, keep your eyes peeled for a potential bullish bounce from the solid support at $29.30. However, a descent below this pivotal level could signify a shift toward bearish territory. 💎 Market Dynamics and Strategy: As always, we encourage Paradisers to be vigilant and adaptable, ready to adjust strategies in response to market fluctuations. Stay tuned for further developments, and remember, patience and diligence are your strongest allies in these trading waters. Your ParadiseTeam is here to navigate you through this exhilarating journey!
Long
by MyCryptoParadise
Z CASH Would you risk one to gain 5?IT seems like a good area to pick up a "asset" at a previous All time low. Buying weakness vs strength historically a bad move. yet.. #MONERO got delisted from #Binance ysterday Whilst #ZEC has passed their compliance review --- coincidence??? Laughable stuff !!! But what can we do. Make some "money" on ZEC whilst using XMR if you are that way inclined. Target 1 seems reasonable this year Target 2 in 2025 sure why not and anything beyond from these levels and still are holding well done to you.
BINANCE:ZECUSD
by BallaJi
1
The Final Zcash Chart Prediction for 2024-2025 Crypto Bull CycleIMHO - Zcash’s primary use case is a private store of wealth. It’s a Swiss Bank Account without the Swiss Bank. ZEC is PRIVATE digital Gold 3.0. The project needs a great wallet experience and a transition to PoS. Hoping new leadership can pull it off Not anymore so I hear your frustration. Zooko founded Zcash so he gets rewarded like a founder. My guess is he cares far more about Zcash’s ability to provide freedom and privacy to the world than money. Anyhow, thanks for the comment. I personally use Zcash as a Swiss Bank account without the bank and for me, THAT is Zcash’s best use case. Private Bitcoin Digital Gold 3.0. So why is BTC at 47000 and ZEC at 20 ? Usage has nothing to do with that. Technical properties are having no influence. ZEC is not an object of " speculation " investment. Investment and usage go hand in hand. The" ZEC company" is responsible for this disaster. It's not speculation. It's serious investment into a product which holds value and is seen as beeing money. The people who are managing ZEC have never had any interest in price or value. It's kind of really strange to me that people who have no interest in money and it's value are trying to create a product which should replace our current money. the code has no value for anybody until you give it real value. This is something what we all do with things. First you need enough people who are seeing the value. Than you need people who are seeing that possible future value and buy it as an investment for the future. Than you can as the value increases do something with it and spend it. Money makes the world go round. Silly socialist ( woke ideas ) always have and always will fail because it goes against human nature. One more thing: In the long term, utility and usage are everything. This statement is correct. One question for you. Many people have developed many very good things. Why does one come to live and others which may be even better don't. What is the difference? That's not a lecture. That's live experience. Silly Ideas are killing humanity ( and ZEC ) www.youtube.com www.youtube.com
POLONIEX:ZECUSDLong
by noam_chom
3