๐ *#ZEC | Daily Analysis 16 September | The only green coin! ๐ข*
*Current Price: $1,200 (+6% today)*
While $BTC is down -1%, and $ETH -3%, and $XRP -7% โ liquidations of $600M in the market!
*Why is ZEC flying today? 3 hot news ๐ฅ*
1๏ธโฃ *Historic vote - 2.4M ZEC voted today:*
โ 99.9% approved reducing block time from 75 sec to 25 sec = 3x faster transactions
โ 98.9% approved keeping the halving like Bitcoin
The vote was secret and fully encrypted ๐
2๏ธโฃ *Crazy institutional accumulation:*
๐ฆ Cypherpunk owns 1.76% of every ZEC network and aims for 5%
๐ฆ Grayscale ETF surpassed $500M in just two weeks!
โ๏ธ Mining ZEC is earning 4x compared to mining BTC now
3๏ธโฃ *Privacy sector explodes:*
The whole sector is up +213%, and ZEC dominates 62% of it
ZEC is up +2100% within a year!
*Technical Analysis Today:*
๐ต *Supports:* $1,140 > $1,100 > $1,000 (very important) > $962
๐ด *Resistances:* $1,200 (we are here) > $1,300 > $1,435 > the all-time high $3,190
*Trading Plan (not financial advice):*
- Breakout and holding above $1,200 = target $1,300
- If it corrects to $1,050-$1,000 = a strong buying opportunity
- Stop-loss below $962
- Heads up: today the Federal meeting could cause volatility
ZEC has proven itโs separate from the market. Will we see $1,300 today? ๐ค
Share your thoughts ๐
#Zcash #Privacy #ZECUSDT #ุชุญููู_ุนู ูุงุช #BinanceSquare
$ZEC
$BTC
*Current Price: $1,200 (+6% today)*
While $BTC is down -1%, and $ETH -3%, and $XRP -7% โ liquidations of $600M in the market!
*Why is ZEC flying today? 3 hot news ๐ฅ*
1๏ธโฃ *Historic vote - 2.4M ZEC voted today:*
โ 99.9% approved reducing block time from 75 sec to 25 sec = 3x faster transactions
โ 98.9% approved keeping the halving like Bitcoin
The vote was secret and fully encrypted ๐
2๏ธโฃ *Crazy institutional accumulation:*
๐ฆ Cypherpunk owns 1.76% of every ZEC network and aims for 5%
๐ฆ Grayscale ETF surpassed $500M in just two weeks!
โ๏ธ Mining ZEC is earning 4x compared to mining BTC now
3๏ธโฃ *Privacy sector explodes:*
The whole sector is up +213%, and ZEC dominates 62% of it
ZEC is up +2100% within a year!
*Technical Analysis Today:*
๐ต *Supports:* $1,140 > $1,100 > $1,000 (very important) > $962
๐ด *Resistances:* $1,200 (we are here) > $1,300 > $1,435 > the all-time high $3,190
*Trading Plan (not financial advice):*
- Breakout and holding above $1,200 = target $1,300
- If it corrects to $1,050-$1,000 = a strong buying opportunity
- Stop-loss below $962
- Heads up: today the Federal meeting could cause volatility
ZEC has proven itโs separate from the market. Will we see $1,300 today? ๐ค
Share your thoughts ๐
#Zcash #Privacy #ZECUSDT #ุชุญููู_ุนู ูุงุช #BinanceSquare
$ZEC
$BTC