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Zec

ZCASHI would like to talk about ZEC, because in my opinion it is one of the most promising coins for the next few years. Let's find out why! ZCash refers to anonymous coins. It works on ZKP protocol. ZKP protocol works on principle of proof of some fact, provided that information about you does not get to the second person. Here is an example of how the ZKP protocol works in real life, if the government agencies would work on this protocol. When you give your driving license to a traffic cop, he does not see any information about you, but knows that you are the owner of the license and it is valid. And the most interesting thing is that other traffic cops and members of the public do not see that you are being checked. ZCash works on roughly the same principle as in this example. Unlike a number of other coins, this method presents real privacy benefits. If you use bitcoin, as long as you don't follow the "privacy rules", your transaction chain can be unraveled very quickly. With ZCash it's just physically impossible to do that, because all data is encrypted by ZKP protocol, and in simple words it gives out "true or false" on certain request, keeping data confidential... Technically, this coin is almost at the very bottom, of course, it looks weak because of the breakdown of the triangle downwards, but I consider it a plus, because it will be more profitable to buy!) From the fundamental: ZCash has one of the most progressive development teams, whose creator communicated with Satoshi Nakamoto personally on the forum, and offered the solution to bitcoin privacy problems. Next year, the ECC will release a fully supported open-source mobile wallet in the iOS and Android app stores. The second halving of the network will take place in 2024!
by VGBlogInvest
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