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Zcash (ZEC): Price Analysis, Nov. 22

ZCash

Zcash ranked 18 by the market cap which stands at the level of $447,616,362 with the price traded at $84.63 by CoinMarketCap on 22nd November 2018, 1:48 pm IST, a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. The ZEC/USD pair has experienced the same volatility that one can easily estimate from the following analytics.

ZEC/USD

From the above analytical chart, one can judge that the ZEC/USD pair was all-time high above the moving average at the beginning of this year. However, the dramatic move was observed while attaining at the level of $415.89 on 3rd March where it dropped like a stone and reached at the level of $170.60 on 6th April almost down by 58.9% that can be estimated from the aforesaid graph. The significant fluctuation has been observed between the pink and indigo Horizontal Lines where sudden selling pressure caused a price decline in April. Thereafter the major “U” turn has been observed where the ZEC/USD pair started going up and reached at the level of $374.18 on 16th May up by almost 119%. Thereafter it realized the bear market and slashed to the level where $148.04 presented by indigo horizontal line until July, however, the value became extremely volatile until it reached $226.97 on 28 July which is high almost by 33% compared with 6th April. Amid the Entire Scenario through the year, the downward fluctuating trends as analyzed from the aforesaid graph where today’s value stands at $84.63 which is 79.6% down compared with the all-time high sought on 3rd March. However, the trends in between the two horizontal lines – indigo and red represent the fluctuated one that lasted since last quarter. Let us not forget that whenever the ZEC/USD pair estimated at the peak level, it has represented “uptrend” above the moving average. Those long-term investors can quickly estimate the entire scenario throughout the year. One can expect the bull market next year to the extent that geopolitical and macro fundamentals support the crypto world positively!!

The post Zcash (ZEC): Price Analysis, Nov. 22 appeared first on CryptoNewsZ.



This post first appeared on Latest Cryptocurrency, Blockchain & Bitcoin News, please read the originial post: here

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Zcash (ZEC): Price Analysis, Nov. 22

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