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ZCash Price Prediction: Long-term (ZEC) Value Forecast – March 24

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  • ZEC/USD trade has been found consolidating around $60 and $50 marks.
  • Indicators have now shown $50 market lower range mark as the first pivotal line.

ZEC/USD Long-term Trend – Ranging

  • Distribution territories: $65, $70, $75
  • Accumulation territories: $45, $40, $35

ZEC/USD market has now got well-defined range spots within which it has been featuring a series of choppy price movements in the last couple of days. The range zones are now found around $60 and $50 marks.

The two SMA indicators are now also found within the range zones a bit over its lower range mark. The 14-day SMA is a bit located below the present market price, but slightly above the 50-day SMA. The Stochastic Oscillators now slantingly point towards south-east direction across range 60. That could be a signal that the market may continue with the current range price movements.

The two SMA trading indicators have now shown that the $50 market present lower range mark as the first pivotal line to be wary of as the bears could find a good entry at that point if eventually broken downwards. A correction against the $60 current upper range mark could also let in a good entry for a bearish entry.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source:bitcoinexchangeguide

 

 

 

 

 

 

 

 

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Blockchain

New Ycash Fork Happens, A Friendly Zcash Blockchain Hard Fork To Enhance Mining Benefits

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Zcash Announces Impending Hard Fork

Zcash, a cryptocurrency renowned for its privacy, is set to conduct a hard fork that will result in the creation of Ycash. The split is aimed at upholding the early adopters of the Zcash project.

According to the Ycash team, the fork will take place on July 18. Every Zcash holder will receive an equal amount of Ycash. The Ycash team further stated that the coin is being launched to restore the objective of mining on commodity hardware which appears to have been ditched by the Zcash team. Also, Ycash intends to honor the promise that Zcash Founders Reward will be capped at 2.1 million coins.

Below is a list of changes being lined up by the Ycash team.

  • The Zcash Founders Reward rate will reduce from 20% to 5% to ensure that the 2.1 million coin cap is upheld.
  • The reaming Founders Reward will be allocated to the Ycash Foundation.
  • Ycash will shift from the current proof-of-work consensus mechanism to a more favorable algorithm.

Overall, Ycash will maintain the positive features of Zcash such as zero-knowledge infrastructure.

The news of the impending fork emanated shortly after the company behind Zcash changed its name to Electric Coin Company to differentiate itself from the Zcash foundation. As of now, Zcash goes for $69 and is ranked as the second largest privacy cryptocurrency by the AltDex Privacy index.

Source.bitcoinexchangeguide

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Zcash

ZCash Price Prediction: Long-term (ZEC) Value Forecast – April 6

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  • ZEC/USD has been on an increase since April 1st this month.
  • The ZEC/USD bullish market sentiment could be erased if a breakdown occur against the $65 price mark.

ZEC/USD Long-term Trend – Bullish

  • Distribution territories: $85, $90, $95
  • Accumulation territories: $50, $45, $40

ZEC/USD trade stance has been visibly on an increase moving mode since the start of this month, April 1 while it formed a bullish candlestick a bit over the last range upper range mark.

On April 3, the crypto, during its movements to the north direction managed to average $80 point. Thereafter, it began to experience a retracement which has led to being trading around $80 and $65 price territories currently. The 14-day SMA trending line is still found pointing towards the north, and it’s located over the 50-day SMA with a notable space separated them. The Stochastic Oscillators have been seen within ranges 80 and 60 in an attempt to close hairs.

There is an indication that the pair may soon begin to witness a line of range price movements around the recent high price point and a low price mark around the $65 for a while. Meanwhile, another bullish candlestick may occur around the 14-day SMA to once again to give the crypto-market a better heads-up to signify the continuation of the bullish trend. Traders need to be wary of sudden breaking down of the $65 price mark.

 

Source.bitcoinexchangeguide

 

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Zcash

ZCash Price Prediction: Long-term (ZEC) Value Forecast – March 17

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  • ZEC/USD market still trades around the same range zones that it has been maintained overly.
  • The pair seems getting set to experience the same trade scenario that took place between February 18 and 24 while the market got a slight drop.

ZEC/USD Long-term Trend – Ranging

  • Distribution territories: $65, $70, $75
  • Accumulation territories: $45, $40, $35

The market worth of ZEC/USD still moves around the same range zones that it has been maintained overly. The US dollar appears not having the strength to press down the crypto’s trend southwards past its current range spot.

The market has touched $55 market point, and now, it has continued to hover around it. The two trading SMA indicators are yet conjoined together tightly at $50 mark. The Stochastic Oscillators have now penetrated into the overbought zone, and they seemingly point north-east. That could mean a signal against the expectation of seeing more probable trade uprising.

The trade now looks like getting set to create another market pace that could eventually give birth to what was obtained between February 18 and 24 while the market got a slight drop. However, the crypto-trade is as well found in more response to its current market choppy movements than been going either bearish or bullish in the near trading sessions.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source.bitcoinexchangeguide

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