ZEC: How Low Can You Go?I bought some ZEC just above 0.236 on the Fibonacci (Fib). Now I am waiting to see if ZEC will bounce a couple to times off the 0.236 Fib or keep nosediving down its wedge. If it breaks below 0.236 on the Fib I will wait to see out a complete retrace to 0 on the Fib plus a rise above 0 on the Chaikin Money Flow (CMF).
Zcash
Follow institutional investors. The ZCash investment reportSupplement to:
Realized-Capitalization-ZEC-trading-at-a-60-discount
A-detailed-investment-case-with-supplementary-offsite-data
Privacy coins occupy a function within the cryptocurrency industry that many of the early adopters of cryptocurrencies consider essential.
Bitcoin itself is often incorrectly referred to as an anonymous way of transferring value. Security experts call it pseudonymous privacy, like writing books under a codename. You can preserve your privacy as long as your wallet address is not linked to you.
1- Privacy solved with leading technology
Originally based on Bitcoin Core's battle-tested codebase, ZCash was able to capitalize on the privacy issues of Bitcoin and forked its codebase so that there are now two types of transactions on its blockchain: shielded (using zk-SNARKS) and unshielded (just like on the original Bitcoin blockchain), making privacy an option for its users. zkSNARKs are the most exciting/interesting way (as Vitalik or Snowden would say) to make blockchains private.
2- Efficient, usable, widely supported
Zcash is a fast, reliable and inexpensive way to send money or digitally purchase goods and services. It is also supported by all the top exchanges and wallets.
For a detailed list see Figure 1 here:
imgur.com
3- Multisignature transactions
Zcash supports transactions that require multiple signatures. This means that a transaction may require two or more parties to agree to the transaction before funds are sent.
4- A world-class team
ZCash is led by Zooko Wilcox-O'Hearn, a world class computer security specialist. The team has by far the most expertise in zero-knowledge cryptography, it's natural that they are looked to and respected.
5- The Controversial Founders’ Reward
10% of the eventual monetary base goes to the founders so that there is continued incentive and continued resources for the founders to improve the value of the coin. I am backing Edward Snowden in the logic that a reward is important to attract the best minds to work on the Zcash project. Consistent payment of the developers allows them to discover issues and patch them before they can be exploited by opportunistic parties. Whilst this is open to debate, a steady budget should help push things forward with development and education.
6- Exposure: Zcash for Institutional Investors and Family Offices
There are a variety of potential market participants, among them hedge funds, venture capital firms, high-net-worth individuals, and pension funds that now have financial options available:
Custodians: hold your Zcash for you to help minimize the risk of lost keys or theft
Investment vehicles: allow investors to gain exposure to Zcash without having to hold it themselves.
Trading firms: offer access to counterparties for the purpose of large over-the-counter (OTC) trades.
For a detailed list of some of the big names involved see Figure 2 here:
imgur.com
7- Progressing towards becoming audit and regulation friendly
In the world of cryptocurrencies and digital assets, which by default are intangible, trust, risk management and reasonable assurance are key. In the crypto market there is a huge problem with market integrity and with consumer protection. Music to the ears of regulators is that payment disclosure and special "viewing keys" can be used to share transaction details with trusted third parties for compliance or audits or to comply with regulatory requirements.
8- Audited meticulously
Zcash is going to great lengths to make sure their code is world-class by ensuring world class cyber security audits by third parties. This separates Zcash from 99% of all other cryptos out there.
For more information on cyber security audits please see the respective reports at Kudelski Security, NCC Group, QEDi and Coinspect
Additional positive quantitative data:
Figure 3: Stacked Daily ZCash Exchange Volume_ZCash Market Capitalization:
imgur.com
Figure 4: Realized Market Capitalization vs Market Capitalization_ ZCash Undervalued
imgur.com
ZEC will guarantee the financial privacy of you and your familyThe cryptography behind Zcash is extremely advanced and allows total privacy. This coin has the potential to become THE world money, by being
1) A medium of exchange
2) A store of value
Recently, the masterminds behind Zcash -- Electric Coin Company -- announced they will to go all-in on $ZEC. electriccoin.co
It's needless to say I strongly believe in this coin, and I'm hodling it.
For short term trading, I like to keep things simple : I believe MA200 will be support and from now we will go up.
For long term view, and If you believe in the power of electronic P2P cash, definitely take a look at this coin. These current price are really attractive.
Zec/Btc looking for a bounce on weekly @ 25 RSIBeing all in on Zec since 1 million Satoshi price, I am naturally a little biased. However, there is a bullish divergence on this high time frame Zec/Btc pair. I believe this pair will naturally find a balance at above 2 million satoshis as the zcash halving approaches next fall. Keep in mind how much power and control the Zcash miners have to keep price suppressed. They are generating and controlling 0.1% of additional Zec supply DAILY... Suppressed price means less mining competition, why would the miners want to jack price to the moon on a coin that is already profitable to mine at current price? A moon shot now would only attract more hash rate and give current Zcash miners less power over the distribution. Therefore I believe there is a lot of open market price suppression by miners while whales accumulate via over the counter buys. I will keep adding, I think Zcash is a SOLID project, all the founder reward drama is way over hyped, and the btc pair will return to 5 million sats at some point in the coming years. Might have to suffer seeing 500,000 sats first, but the likelihood of the upside is high given the immense disadvantage of the current stock to flow ratio of Zcash. The supply squeeze next year will be very significant as a percentage of inflation, as annual rate will drop from 33% to 12%.
Zcash Analysis: Intraday timeframe chart patterns Conclusion for today’s Zcash price prediction: A bullish swing is expected to target between 0.010803 and 0.010560.
The 1 hour timeframe of Zencash (ZEN/BTC) is provided in this analysis with major consideration for the current chart patterns and their possible implications. Previous downtrend is highlighted using the bearish trendline that was successfully broken to the upside on June 27, 2019.
ZECBTC has remained in a sideways trend ever since breaking its bearish trendline with a bullish channel (tentative) identified to provide context for price action. The trajectory expected is indicated on the chart and the region of target for the Zencash price prediction is between 0.010803 and 0.010560.
Patience is also required to see what transpires in terms of entering long (buy) position(s).
A close above ~0.009294 can be used as part of the strategy to buy ZECBTC. Alternatively, a successful retest of the lower boundary of the bullish channel at ~0.008936 provides ground for bullish momentum.
A close below the channel’s lower boundary and also below ~0.008671 implies further downside action in ZECBTC.
ZEC/USD Uptrend Channel with Repeating Triangle PatternsThis 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 region, or an immediate breakout up to the 125 region without a retest.
Of course, any significant downside move by bitcoin could negate this pattern as it tends to drag the market down with it. Therefore, when trading ALTS such as Zcash it is important to always keep an eye on bitcoin too. Nonetheless, the pattern shown here appears very strong and I think it is highly likely that ZEC will soon reach 125.
ZEC/USD Uptrend Channel Holds - Triangle Break May Soon Follow!As predicted in my last analysis, Zcash dropped down from the tight area it was in and found support at the bottom of the channel at the 105-107 area. From here Zcash may continue to bounce around inside the area between the bottom of the channel and the blue triangle before a break above the triangle, or it may simply break above the channel. As before, upon a triangle breakout, a move towards the top of the uptrend channel to around 125 is expected.
Smoking Horsey
ZEC/USD Uptrend Channel Shows Potential Upside in the Near TermZcash is shown to be in a clear uptrend channel (in black). Despite various movements below the channel and into the black dotted area, Zcash has continued to pull back up into and respect the channel. Currently, Zcash is caught in a tight area and may make a small break to the downside with potential support around 105-107 at the bottom of the channel. If support is found there I think it is likely that a break above the triangle (shown in blue) will soon follow. This could see Zcash rally up to the top of the channel at around 125. Alternatively, a triangle break may occur without a retest of the bottom of the channel, sending Zcash up to the top of the channel sooner. Of course, it is important to keep an eye on BTC which is clearly leading the market at the moment. The violent movements bitcoin has made recently has dragged Zcash out of the bottom of the channel before.
Smoking Horsey
Zcash Price Analysis ZEC / USD: Promising Privacy To The WorldFundamental Analysis
Zcash has shown a positive price trend during the last few days. Recently the Electric Cash project announced that it’s planning “to make Zcash usable by 10 billion people by 2050”, which will require a transfer to a completely new chain. The company is considering implementing sharding and making all transactions private by default, in contrast to the 2% of anonymous transactions now.
Zcash / USD Short-term price analysis
Zcash has a bullish short-term trading outlook, with the ZEC / USD pair performing a strong technical bounce from key short-term support.
The four-hour time frame shows that buyers are testing back towards a large bearish reversal candle, that was created on the 26th June. The reaction from this key area should decide the ZEC / USD pair’s short-term fate.
Technical indicators across the four-hour time frame are bullish and continue to generate buy signals.
Pattern Watch
Traders should note that a bearish head and shoulders pattern could start to form if the ZEC / USD pair is rejected from current trading levels.
Relative Strength Index
The RSI indicator on the four-hour time frame is bullish and shows scope for further upside.
MACD Indicator
The MACD indicator on the four-hour time frame is turning bullish, with the MACD signal line crossing higher while the MACD histogram trends in a positive direction.
Zcash / USD Medium-term price analysis
Zcash has a bullish medium-term trading outlook, with the ZEC / USD pair still trading above its breakout point on the daily time frame.
The daily time frame is showing that the bullish breakout still remains valid, with the ZEC / USD pair consolidating above the neckline of a large inverted head and shoulders pattern.
Technical indicators on the daily time frame are mixed and failing to provide a clear trading signal.
ZEC / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the overall upside target of the bullish pattern on the daily time frame will take the ZEC / USD pair towards levels not seen since August 7th, 2018.
Relative Strength Index
The RSI indicator remains bullish on the daily time and continues to trend higher.
MACD Indicator
The MACD indicator on the daily frame remains bullish, although downside pressures are starting to gather.
Conclusion
Zcash is at a critical juncture in the short and medium-term, with the next few trading sessions likely to prove critical for the ZEC / USD pair.
If bulls fail to rally the cryptocurrency to a new 2019 trading high, we could start to see the formation of a bearish pattern on the four-hour time frame and a much deeper bearish correction.
Ascending Triangle on ZEC. Nearing apex Simple textbook chart here.
We have an Acending Triangle. Such chart patterns are usually an indicator of bullish continuation. As you see we are nearing the end of the wedge here...the apex. Note: ascending triangles are usually bullish indicators.
#Zcash
I also listed some past bullish patterns which as you can see were prominent in this resulted run.