It seems that ZCash will be accumilating for some time before revealing the next move.
For now, I'd expect it to reach the major resistance at $35.3. Then consolidation will either start or we'll see a break above, stimilating buyers to enter long positions.
On the other hand rejection of this level would lead to either another accumulation phase or could even...
Hi, today we are going to talk about ZCASH
We observe a h4, some important points. The details are highlighted above.
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I am watching the Gann Fan trendline for either rejection or breakout. Currently the 15m, 1h and 3h candles all closed above it, which could be the end of the downtrend.
Lets see how it turns out.
One of the core features that missing in BTC is privacy. Zcash might be able to fix this issue and reach mass adoption, and if succeed, price will skyrocket.
Zcash could be in demand on all decentralized exchanges to hide "buying and selling power". Actually there are too many use-cases for it and I think that privacy coins will be in great demand in coming...
Zcash starting to look very attractive, especially after showing bullish divergence and rejecting key support. Zec could double BTC value in the coming weeks, so yes it is a short term price spike that I'd expect. Only if support holds.
