ZEC made 98 percent correction from its past bull cycle
the main question will be involved in the bull new cycle and when?
little news from the team
The project is good in that it is used by many exchangers and we can see a 20-50% movement in the coming months;
Zcash is starting to appear increasingly interesting from a technical perspective as the popular cryptocurrency trades at its weakest level since March 2019. Several technical indicators are suggesting that the ZEC / USD pair could soon stage a bullish reversal if buyers can hold price above the $44.00 level.
The ZEC / USD pair has suffered eight-straight weeks...
An update to:
The Electronic Coin Company (ECC), the foundation partly responsible for developing the privacy-focused cryptocurrency Zcash, released its quarterly transparency report on August...
Right into action! Fractals are all over in September.
September looks like a very busy month for crypto community. And it feels very positive. A lot of the projects have been working hard this year, and they will begin to show new heights in their progress.
I am expecting September to be positive, but with the breaking of major support Trendline is concerning....
. Zcash/US Dollar is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 14.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. There is a possibility of temporary...
May be we can see the bull correction this week, because the charts show us oversold last 8 weeks.
For me it’s good time to enter the market on 45$ and take profit around 55-60$ after that it’s very important if the price go up.
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...