Since the last Report, that was published before the Libra announcement, things changed, and market pushed higher.
However, we still hitting a major price juncture, and a $2.5k price dump in BTC has shown that. However, alts held reasonably well, so what happens next?
I am not sure who is buying at these levels now, but those people must have deep pockets....
From what i see here, bull market is solid for Zcash, but it has under performed relatively speaking to major coins. This means if BTC breaks below 10k, the Zcash will be hit hard.
I can say this due to current uncertainty in regulatory atmosphere thanks to Trump's administration.
Crypto is one thing, but anonymous coins is in entirely different field of its...
Zcash looks very impulsive to me at the moment. I wasn't expecting such a fast correction down to the .618 fib retracement level but this could mean we could get a big bounce in the next week or two. August should be a good month for Zcash.
Come si vede in figura,la neckline del testa e spalle rovesciato formata nel lungo periodo è stata di recente rotta,il prezzo sembra si sia fermato in in incidenza con la resistenza dinamica formatasi dai massimi di Novembre e Settembre 2018,attorno ai 120$. Il prezzo sembra dirigersi verso i 100$(possibile supporto anche psicologico) proprio in corrispondenza,...
ZEC looks to be gearing up for a 5th wave up past or at least to 100- driving this too may be a hard-fork in mid-July for a new Y-Cash token that will be airdropped to Zcash holders as Ycash will still be benefiting from Zcash's future upgrades and developments so it is a "friendly" hard-fork and won't be contentious like B-Cash, ;-). I expect this baby yo PUMP...
Appears to be looking very bullish at the moment with this big ass leading diagonal
growth spurt targets up to $400 short term confluent with fib expansion targets
long term 4 digits perhaps 2keks maybe
pretty darn stupid if you dont have this in your crypto portfolio
ZEC is in a perfect setup in my opinion. It is gaining momentum and looks like it will break out of this correction channel. I would expect it to burst above $100 to $115 or so then correct down to touch the top of the channel trendline area, then burst again above to possibly $300 or higher. Very good time for ZEC holders.
ZCash is going down in value, similar like Bitcoin and Monero did after their first rallys. The high amount of new mined coins brings constant pressure on price. Monero and Bitcoin both declined 94% in their first bear market. If this would happen to zec, price would reach 47$
The new ASIC miners are very profitable, from my calculation the production cost of zec...
Coinbase just listed ZEC. Bitcoin most likely has one last dip left in it. Then we can start the road to recovery. With being easily purchased on Coinbase ZEC will do good in upcoming hype cycle. Green box area is for scaling in.
If writing wont show up on image then the full image is in comments section.
This is a follow up to the update I posted an hour ago. As shown, there is a clear repeating pattern occurring with a break down from the purple triangles and a later break up from the blue triangles. Following the channel hold which occurred at 106, I expected either a retest of the channel at 107-108, followed by a breakout of the triangle and up towards the 125...