Zcash KRAKEN:ZECUSD holders are getting depressed, because this coin has not been performing very well.
Good news is this coin is very solid for many reasons (Do your own research) and this price action is actually very good news for us. Only shitcoins do get rich-quick pump&dump.
Please keep in mind catching the bottom is very risky, because it can actually dip...
Things are turning interesting here.
Decreased volatility for the last few days is an indication of volatile price change is in the near future.
We are more likely to have a rally, than a decline, as we are finishing what appears to be a micro 1-5,abc pattern.
If the price continue to stabilize, this will lead for the price action for Alt coins accumulation,...
. Zcash/US Dollar is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 14.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. There is a possibility of temporary...
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...
Conclusion for today’s Zcash Analysis: Price closing above ~69.26 implies resumption of a bullish price swing in Zcash.
Zcash analysis for today is presented using a 6 hour timeframe (log scale) bar chart. Over 5 months of price data is shown on the chart from February 2019 to current date.
The bullish move in Zcash from the February 06, 2019 low reached a price...
zcash seems ready for its next leg. its trading around the ma200 which has started to rise again.
Chart looks like a perfect livermore accumulation cylinder. Expect the ma200 to break and then sharp rally to new high.
A lot of big money has been pouring into Zcash in the past year. If you look at the volume, more people are trading it now than during the crypto craze of December 2017.
The important thing to note is that volume is increasing as price increases.
I think we could see a return to the $300 price area this year.
No descriptions needed. Descending triangle. Price broke down, retested the support.
FYI you are able to short ZEC on huobi. I've been a ZEC bull for the year, but not now. Still long-term bullish nonetheless.
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...
Follow the wall street cheat sheet.
Luckily for us, the manipulation is limited by human psychology.
What I mean by this is that the market can only be stretched in either direction until it runs out of sellers or buyers and further pushes turn it into loss instead of profit.
Example: There were less people left to sell to the algorithms when Bitcoin made it to...