ZCASHI would like to talk about ZEC, because in my opinion it is one of the most promising coins for the next few years.
Let's find out why!
ZCash refers to anonymous coins. It works on ZKP protocol.
ZKP protocol works on principle of proof of some fact, provided that information about you does not get to the second person.
Here is an example of how the ZKP protocol works in real life, if the government agencies would work on this protocol. When you give your driving license to a traffic cop, he does not see any information about you, but knows that you are the owner of the license and it is valid. And the most interesting thing is that other traffic cops and members of the public do not see that you are being checked.
ZCash works on roughly the same principle as in this example.
Unlike a number of other coins, this method presents real privacy benefits.
If you use bitcoin, as long as you don't follow the "privacy rules", your transaction chain can be unraveled very quickly.
With ZCash it's just physically impossible to do that, because all data is encrypted by ZKP protocol, and in simple words it gives out "true or false" on certain request, keeping data confidential...
Technically, this coin is almost at the very bottom, of course, it looks weak because of the breakdown of the triangle downwards, but I consider it a plus, because it will be more profitable to buy!)
From the fundamental: ZCash has one of the most progressive development teams, whose creator communicated with Satoshi Nakamoto personally on the forum, and offered the solution to bitcoin privacy problems.
Next year, the ECC will release a fully supported open-source mobile wallet in the iOS and Android app stores.
The second halving of the network will take place in 2024!
ZECUSDT trade ideas
ZEC (Zcash): Price Continues To Lose VolumeZEC (Zcash): Price Continues To Lose Volume
For a long period of time, the price is developing a well defined
"Descending Channel" Pattern.
The price tried several times to recover but it looks like a desperate move.
Price is still rising and the maximum it can do is to reach the resistance line
and to move down again.
Thank you and Good Luck!
Weekly support has been completely broken!ZEC has been falling in price over the past few weeks with selling pressure building across the market, and the currency's weekly support range of $45-$50 has been completely broken, turning into resistance. As you can see, in the past, there was a descending channel for the price; the extension of this channel and the selling pressure led the price to the second descending channel.
Also, the two support levels that we considered at the prices of $41 and $36 have been associated with a very positive reaction in the second range. The price of this currency has returned to the first downward channel, and if the short-term and favorable market conditions continue, there is a possibility that the price will meet the specified resistance and creates a range trend below the resistance. According to the good return observed on the RSI, if it hits the support level again, the potential for a positive divergence and formation of trend change signs is high.
Zcash (ZEC) formed bullish Gartley for upto 11% moveHi dear friends, hope you are well and welcome to the new trade setup of Zcash (ZEC) with US Dollar pair.
Our last successful trade of ZEC was below:
Now on a daily time frame, ZEC has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ZECUSDTHELLO GUYS THIS MY IDEA 💡ABOUT ZECUSDT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
ZECUSDT | BREAKOUTZECUSDT hit the strong horizontal support.
The price has also closed above the falling resistance.
The bulls need to hold the important support level .
If bulls strength momentum we could see a strong pull back and after crossing the previous high we may see an upward surge.
Manage your trades accordingly.
ZEC - ShortZEC recently broke down the ascending trendline before getting instantly rejected, as the market rebound following equity future.
Price is showing signs of weakness and i believe price will go down as btc dominance is increasing and dragging down other coins.
Opened a short at $50.5, (currently in the red) but will hold it with a TP of $48-46, stoploss at $53