ZEC July 18 fork Ycash. The ideal entry point. Wedge to BTC.

BITFINEX:ZECBTC   Zcash / Bitcoin
ZEC July 18 fork Ycash. The ideal entry point. Lower trend downward wedge . The price has reached the ideal entry point (bottom of the downward wedge ). The minimum movement inside the wedge + 27%. High probability of breaking the downtrend on the news. Then the growth will be by many percent. The first goal in case of breaking a downward wedge is about + 80%.

Zcash will be Ycash's "friendly-fork", which will be completely independent of the Zcash Foundation. The separation of the cryptocurrency chain will occur at 570,000 block, or approximately July 18. ZEC holders will receive new Ycash coins in a 1: 1 ratio. For fork already register a trademark owned by an independent organization Ycash Foundation.
During launch, three important differences will appear in Ycash compared to ZEC:
reduction of developer remuneration from 20 percent to 5 percent on an ongoing basis;

the formation of a fundamentally new non-profit organization Ycash Foundation with its own rules for financing developers;
algorithm Proof-of-Work will be revised in favor of a more suitable for mining on the GPU and CPU . For example, ProgPoW or RandomX.
The developers swear to leave 2.1 million coins in the Ycash Development Fund, which is later used to finance the organization’s activities. Since its software is set at 5 percent, miners will receive 95 percent of the reward for a block of cryptocurrency. By the time of the first halving in October 2020, there should be about 175 thousand YEC in the YDF.

Under this trading idea are related coin ideas with similar trading.
Comment: Trading idea for this coin in May. Downward wedge in the global
Comment: May 27 ZEC/USD Levels are relevant now
Order cancelled: broke through support. The news "did not work" due to the general fall in the market. Just decided it makes no sense to burn money against the general despondency of the crowd. Here developers fall into such a trap when they make very large statements in advance. It seemed it was possible to take money from the crowd, but no one knows the future for sure. Here is the news and the fork itself was made empty. But after all, any price of the fork is money from the air. At the moment, the situation is to observe.
Great Set up bro!
+1 Reply
SpartaBTC Bullandbeartrading
@Bullandbeartrading, Thanks you
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