Zcash On Fire - What Is Goin On With That Coin?

in cryptocurrency •  6 months ago

The last four days have been happy days for Zcash investors. Privacy is what people are wanting in almost every aspect of their lives and some of the biggest companies have seen this as a business opportunity.

During the December rally, Zcash hasn't been the top choice for investors, although it showed a healthy 500% gain, reaching USD 813.

On a corrective move down ZEC/USD lost almost 70% and was stopped at the 76.4% Fibonacci retracement , hitting USD 254 low.

Demand level applied to the last correction down as well as prior corrective wave after the downtrend trendline breakout shows that the price is on the way to the next strong supply area.

If the price can break through the supply area, can we start aiming for $1000.

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I thought I bought the dip at $410ish and it kept falling.📉😅😂 I’m not worried at all. I know we will be over $800-1000 by end of March.📈🙏🏼🤩

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$410 is a very good price.

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I agree💪🏼😁 I was trying to dollar cost average since the first time I bought was $550. I’m looking forward to more TA and possibly some Steemit tips from you in the future!!🙏🏼🤖📈🍀♻️

I’m not there yet... baby steps up the crypto ladder. I’m still pretty small potatoes when it comes to Egyptian and can’t invest enough into a coin like ZCash to make it worth while. I invest x amount of dollars each month but it’s not at a high enough level yet. I play around with some altcoins and keep some cash in lite coin but if I continue to have some success like I’ve had as the market recovers I can see those opportunities opening up. It hurts sometimes watching prices on some of the bigger coins drop like ZCash and have to stand pat. Never good to rush into anything I say. Invest what you can and all will be ok.

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yes, you are absolutely correct. Everyone should invest what they afford to sped for particular investment. Investment like shares , cryptos always associated with certain amount of risk. If you invest a amount that can be affordable to you, in a bear market you will be in safe side. In addition to buy from exchanges try to participate some ICO and free airdrops. Free airdrop money is always free money that you get with zero cost. Yesterday I published a post on " How to create MyEtherWallet to participate in ICO and free Airdrops" https://steemit.com/altcoins/@steemread/how-to-create-myetherwallet-to-participate-in-ico-and-free-airdrops , This is my first post on steemit and please go through it and give your valuble comments. Hope to write more valuable article in future regarding thse area. Thank you very much!

Everyone knows where it is going. To the moon.

Thanks for this cryptocurrency news update providing....i appreciate this post...

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My pleasure

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Thanks...dear....

A very good post at the right time. It is always low riskey if you can buy cryptos in a market bottom. Then with the market recovery you can get multiple gains in short period of time. In addition to buy from exchanges newcomers should participate some good ICO and free airdrops. Free airdrop money is always free money that you get with zero cost. Yesterday I published a post on " How to create MyEtherWallet to participate in ICO and free Airdrops" https://steemit.com/altcoins/@steemread/how-to-create-myetherwallet-to-participate-in-ico-and-free-airdrops , This is my first post on steemit and please go through it and give your valuable comments. Hope to write more valuable article in future regarding these area. Thank you very much!

You got a 22.86% upvote from @postpromoter courtesy of @tradewonk!

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Awesome going to binance now.. Thanks

You are using the Elliot wave too just to show what you think it’ll do right? Bc I’m sure you know Elliot waves have rules it has to follow to be complete

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No i'm using supply/demand areas and trendlines.

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Yes, in my opinion also, Supply and Demand phenomenon will work in any financial areas.

Stay Blessed.

your post is very useful for me and I say thanks as much as possible to admin steemit who has posted something that is very weighted so that I can really many I

Thank you so much! The opportunity to meet new people @eloniy

This post has received gratitude of 16.44 % from @appreciator thanks to: @tradewonk.

Thanks for the article. I try to understand ZCash in the longer perspective. ZCash seems to be about privacy. But what about anti laundering programs and regulatory compliance? Or is it not crypto currency and more like Ethereum?

The same happens with a lot of coins, go up 💥high and suddenly 💤 down

ZenCash is the goat.... 2018. Check out my post, i have outlined some point why i think ZenCash will crush all other privacy coin...

"domain fronting"

is this TOO GOOD TO BE TRUE? Anyone?
upvoting you as one of 10 other posts today. congrats! :)

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Is it still worth buying?

Z cash is positive correlated with BTC. BTC is headed to 15k. Zcash is headed towards upper levels. Where is the news here?