Zephyr Protocol (ZEPH) is a blockchain platform focusing on enhancing data privacy through innovative cryptographic techniques and a decentralized governance model. It aims to provide secure and private communication channels for transactions and data exchanges, protecting user identities and information from unauthorized access.
The current price of Zephyr...
if you missed out the departure from 12.5 don't miss out the return on 17 !
Strong support on that level.
a return to this level would allow a rebound towards higher levels
Here’s a couple spots showing us that TA is and always will be King. We are looking for patterns amongst the candles showing us a trend is slowing, and if we can get these signals at or near the billing we bands our likelihood increases.
That is what we have here circled. Big ‘ol green candle shooting yo through the previous red candle at the lower BB, and 4...
Zephyr Protocol (Proof of work) Hash Rate is now consistently higher the OMXSTO:XMR Monero.
XMR has a 2.7 Billion market cap which $Zeph market cap is under 50 million.
Zephyr Protocol is more useful than Monero since it has a DJED based overcollateralized $ZSD stablecoin system.
Price has retraced 70% from the top and is consolidating with a nice volume...
Liking $ZEPH here, I bought $4,000 more today. Price has already broken out from downtrend, now it's retesting the breakout line. Also the breakout occurred out of bullish falling wedge formation.
I see this going much higher. Not an easy hold at the moment, I agree but will pay off crazy multiples down the road.
That's the TA side, the fundamental bull thesis...
Since 15/12/23 200 ema play as a resistance.
A hint of a turning trend to bullish may come when a daily close above the 200 ema.
Bullish scenario
Resistance 20.36, 24.4
Bearish scenario
Support 18.1 ema 50
Next support in 16.9
Rejected from 50 ema at 23.5.
Currently at 20.5 support zone
Bullish scenario
Test of 50 ema at 23.3
The next resistance is consolidating of 200 ema with a horizontal trend line at 24.3
Bearish scenario
A break of 20.5 will lead to support in the 16.9 area
Next support at the lower limit of the channel at 15
The Zephyr Protocol, at its heart, is an over-collateralized, crypto-backed stablecoin protocol, a concept refined through the innovative Djed Protocol.
Perfect setup, you have bullish falling wedge.
There was a big whale absorbing the selling pressure in the last 84 hours, that is my feeling watching the tape.
So the hidden bearish divergence is playing out exactly as we guess judging off 12h RSI.
However volume in OBs around $34 provide enough cushion to see a leap to the next Elliot wave of $67, with two taps the third tap can lead to a swing failure pattern break through upwards of $98
