Zcash (ZEC)

Great convo re privacy & Zcash $ZEC https://t.co/TBV2sabFJC

Let's dive deeper into this chart I recently posted on! Macro structure on #ZEC is telling a very clear story. The zone that once acted as major resistance during the 2021 and 2022 highs is now functioning as support on the weekly chart. When a previous supply zone flips into demand on a higher timeframe, it usually signals the start of a larger structural shift. This is the kind of behavior I look for when trying to determine whether a move has real longevity. Anyone can chase price on the lower timeframes, but watching how a market reacts when it revisits macro resistance levels gives you a much clearer picture of the bigger trend. The fact that Zcash reclaimed this zone with strength, then held it on the retest, reinforces why I’m treating this entire move as a potential trend change rather than a temporary spike. If ZEC continues to respect this area, the upside implications over the longer term become far more compelling.

Over 36 hours from the original post by @zcashstrategy and the @ZcashFoundation remains deadly silent > This is a huge red flag that is only getting worse > ZFND was brave enough to bully a small website with its trademark enforcement action, using this legal resource loosely, -> but now cowardly hides itself as public discussions take place > Not a single answer to community and media inquiries > Not a single post (except from the now-deleted commented under the OP) addressing what happened, or explaining their reasoning to launching the offensive against zcashstrategy[dot]com > Not a single official statement acknowledging the mistake (or defending its stance), nor a single statement promising to review its trademark policies or be more ccareful about its enforcement actions in the future > Not even a single statement saying they can't comment because of some legal thing, yada yada... This all makes me bearish on $ZEC Simply because the Zcash brand is being kept hostage by an institution that is proving itself untrustworthy while dealing with such a serious matter (going after small independent projects that cost money and people's time) This Zcash trademark is a legal capture that harms decentralization So, yes, I'm starting to agree with the comment below The Zcash Foundation shouldn't be the one holding the rights for this trademark (if anyone even should, for defensive purposes; I'm not even sure about that, but anyway) Unless the Foundation changes its behavior, takes accountability for its actions, and provides a clear roadmap for improvements They need to break the silence, and they need to do it now

GOOD PUSH FOR ALTCOINS 🔥 With the rate cut odds moving to 90%, Alts are responding well with recovery. Trending 🪙 $ZEC $HBAR $TEL $SEI $CPOOL $PROPS Top Gainers 24 📈 $SN +73% $KEEP +35% $DCR +22% $RIVER +18% $BLESS +16% Bitcoin ETFs saw outflows around $13M yesterday but ETH ETFs saw $140M inflows. This shift also helps in reducing the bitcoin dominance but we need more days like this.

This trend line also correlates to current price action so look for a break through it as another sign of positive price momentum for #ZEC:) https://t.co/zKUMdepUQk

I don't want ZEC to be a Top 3 Coin It is inevitable

$ZEC swing trade update… We reclaimed some of our unrealized losses on the bounce off the 300 level. Was that the bottom… I am not fully convinced just yet. If this level fails, my lower downside targets remain 257 and 211. My upper target is now 503, which would push price above the 200 on the 2 hour. By that point, I would expect the 50 to attempt a cross over the 100. Right now all the moving averages are still very spread out, which shows the trend has not fully realigned yet. We are currently forming a symmetrical triangle on the 2 hour and it appears the downside break may have failed. However, price is clearly struggling to hold above the 50 RSI, which keeps things uncertain. The 30 minute RSI is starting to hint at a possible buy signal and could help fuel another push higher if it confirms. Zooming out, this still looks like a very strong area for a potential temporary macro bottom as the weekly and monthly remain deeply oversold right on long term support. Those higher time frame candles are still red, but the daily continues to close green, which adds weight to the idea that we could still see the 503 target before any deeper continuation to the downside. Still very much a decision zone here… fingers crossed. Quick Notes Recap… Bounce confirmed off 300 Bottom still unconfirmed Downside targets at 257 and 211 Upside target set at 503 200 reclaim possible on 2 hour at target 50 aiming to cross the 100 later 2 hour symmetrical triangle held RSI struggling at 50 30 minute RSI hinting at buy Weekly and monthly deeply oversold Daily continuing to close green Major decision zone right now

Here is a macro look at the current trading range #ZEC dipped into. As you can see, price touched two candle bodies of the previous highest price as well as the wick of the previous, next highest price. These are presenting good structural support on the macro:) https://t.co/EuuHsdITxH

Trust me, bro. It’s “decentralized”, even though it pays a tax to a company that sends lawsuits, and we had to trust that the keys to the Tel Aviv technology were destroyed. But yes, it’s private, so you can’t check anything on a blockchain after buying it from a KYC exchange. 😂

I’m seeing this latest move as a fake out followed by a counter fake out, something #ZEC loves to do at key levels. Price pushed above resistance then quickly reversed, and now we’re seeing the opposite move at the 0.5 fib. This usually means liquidity grab on both sides before the real direction shows itself. Structure is still intact and I’m watching how price behaves around the 354 to 343 zone.