Hello Crypto traders! Here is a new update for Zcash! Zcash (ZEC) is a privacy-focused cryptocurrency that uses advanced zero-knowledge proofs (zk-SNARKs) to allow fully confidential transactions while still ensuring the network is secure and verifiable. It offers both transparent and shielded addresses, giving users the choice between public and private transfers. With a fixed supply of 21 million coins and a Bitcoin-like halving schedule, Zcash is one of the most established and academically grounded privacy coins in the crypto ecosystem.
We shared Zcash with ticker ZECUSD already back on October 28, when it was barely at 350 area. We mentioned and highlighted a strong rise within an ongoing five-wave bullish impulse, which is still underway, probably towards 2018 highs. CLICK HERE
As you can see today on November 19, Zcash is already at 750 area, and now that it’s close to 2018 highs, we will probably see a break higher into 900 – 1000 area for wave 5 of (3) before next higher degree wave (4) correction shows up, ideally in a bear market next year.
On a daily chart, it could be just slowing down and consolidating within subwave “iv” pullback before a bullish resumption within subwave “v” of 3 into 2018 highs and 900-1000 area.
