NOTE: I already made my main argument in the large note on the chart. ZEC looks promising. The volume we have had recently makes volume of the past look pale in comparison. This is my reasoning behind believing we may have finally come to a point where we can find support and move on to accumulation.
yes... no sh*t sherlock, its very obvious that these prices arent sustainable. Zcash current available supply is 767 ZEC! The supply will reach 100k during the slow mining phase before the full block reward will lead to a 7200zec supply increase per day. At 20$ this would add 144.000$ value per day, so patience is the key, the 5-20$ range or below is where I...
On the 4-hourly charts ZEC is testing the resistance of the important Ichimoku Base Line, after the Bullish Divergence occurred. Time to hit the Cloud (ie the Kumo) ;)
ZEC's downward trend has been going on practically since it's birth, although it is coming into the end of a wedge at the moment. It has not had a decent pump in a while and it's market cap is still quite low, so this could be a very good opportunity to to go long. The problem is, it could still break out to the down side, so a tight stop loss will be necessary...
It's gonna dump. Founders rewards are being released and support looks weak.
Watching this level for any significant demand, could be a nice bounce trade ahead.
Zcash has been falling continuously with some minor retraces to the upside on the road. It is probable Zcash will follow this path in the future again, but a bigger correction to the upside might be upon us for now. The impulse wave A of the correction seems drawn and the corrective wave B of the correction could be over any time soon. Getting in here and picking...
On the previous chart, the BTC was in the overbought zone with a high probability that they RSI will break and making a downtrend pushing ZEC to a pump. Today, the King, seems to be solid and bullish. Attempts to break the resistance of the highest psychological weight USD 740 and falls, but it recovers immediately. Without giving time to most of the altcoins mark...
When the RSI of the BTC gonna broken because is in a overbought area, the price goes down and ZEC can move up. Is a good call to make swing + profit