BTC$43 287.80


ETH$3 010.99






Binance Coin




ZCash (ZEC): Recent Gains Are in Danger


Just like the vast majority of alternative coins, ZCash started the year 2020 with a slow escape from the bear claws, which ended with an enormous price explosion, the wave of which had taken ZEC past several resistance levels. In a span of six weeks, one of the most acclaimed privacy coins saw its value inflate by 185%, instigated by the altcoin rally.

1-day ZEC/USDT chart

The uptrend, the structure of which is currently endangered by a steep correction that emerged on February 15, began right after the New Year celebrations with a three advancing soldiers pattern, which laid the ground for significant price movements.

Over that period of time, the price action of ZEC had been more than suitable for swing trading, with the upswings consisting of at least three large green candles, whereas the downswings were moderate, never bringing the chart close to the 50-period moving average and only slightly crossing the 22-period one - both being the certain signs of continuing uptrend.

But as it often happens on the cryptocurrency market, the seemingly strong bullish rally was brutally disrupted by the bears which began pushing the price significantly below both MA’s, hitting myriads of stop-losses along the way, thus giving even more momentum to the southward move.

With the entire crypto market being in the red for the last couple of days, the concerns about the demise of the altcoin rally began to enter traders’ minds. Given the fact that Bitcoin dominance increased by more than 2% in a matter of 24 hours, while the total market capitalization and trading volume declined by 4% each, their worries are more than justified, because if money would start flowing back into Bitcoin, many traders could wave farewell to the double-digit profits and begin cutting losses. Although the market crash could also be whales playing their games, trying to force the crowd to panic-sell.

ZCash could be in for a trend reversal

Next week could be decisive for traders who packed their portfolios full of altcoins in hopes of even more lucrative gains. The weekly ZCash chart shows the price still remaining within the ascending wedge formation, holding a chance of making higher lows before going back to hiking upward.

ZEC/USDT weekly chart

In order for that scenario to play out, the coin has to bounce off the support at $57 - $60 that would finalize a healthy retracement. Given that MACD is still positive on ZCash, a rapid recovery within two-three weeks is highly possible. But the emergence of a bearish pattern like three black crows would signal about the trend reversal.     

1-day ZEC/USDT chart

Things look much grimmer for ZCash on the daily chart as the freshly formed uptrend structure is falling apart before traders’ eyes. It is now evident that ZEC has failed to make new higher lows and broken two previous support levels at $67 and $63 with a single daily candle. The occurrence of the third red candle with the length of the body similar to that of the previous two would complete the three black crows pattern and confirm the trend reversal. The majority of other technical indicators point at a mild sell since the odds of bears wiping out the progress made by ZEC in recent weeks are quite high.

Author: Alex Paulson for


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 82.4% 35 $43 287.80 2.05% -8.49% $814 966 927 933 $32 680 812 854
2 Ethereum (ETH) ETH Ethereum predictions 72.8% 49 $3 010.99 3.55% -9.89% $354 338 554 947 $21 802 081 769
3 Cardano (ADA) ADA Cardano predictions 60% 80 $2.27 -3.89% -2.90% $72 613 126 112 $5 577 581 472
4 Tether (USDT) USDT Tether predictions 94% 1 $1.000700 -0.08% -0.03% $68 590 944 713 $79 368 686 289
5 Binance Coin (BNB) BNB Binance Coin predictions 66.8% 69 $346.18 -1.47% -14.62% $58 205 321 046 $1 873 086 247
6 XRP (XRP) XRP XRP predictions 70.4% 52 $0.947086 0.59% -10.97% $44 245 636 148 $3 503 428 805
7 Solana (SOL) SOL Solana predictions 66.8% 72 $137.06 -1.92% -13.76% $40 744 147 032 $2 455 458 712
8 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $1.000483 -0.05% -0.03% $31 006 963 781 $3 830 168 851
9 Polkadot (DOT) DOT Polkadot predictions 67.6% 69 $29.44 -3.25% -12.15% $29 070 856 010 $2 592 379 334
10 Dogecoin (DOGE) DOGE Dogecoin predictions 64% 77 $0.205929 -0.86% -12.64% $27 068 780 737 $1 515 174 486
11 Avalanche (AVAX) AVAX Avalanche predictions 56.8% 87 $68.09 -3.41% -4.08% $14 998 710 235 $1 234 318 562
12 Terra (LUNA) LUNA Terra predictions 68.4% 59 $36.34 -4.22% 4.95% $14 536 281 852 $1 625 437 616
13 UniSwap (UNI) UNI UniSwap predictions 64.8% 74 $23.42 20.32% -1.22% $14 325 624 849 $1 167 934 535
14 Binance USD (BUSD) BUSD Binance USD predictions 92.4% 1 $1.000303 -0.07% -0.05% $13 693 477 670 $5 597 328 153
15 Chainlink (LINK) LINK Chainlink predictions 67.6% 70 $25.06 10.18% -9.97% $11 403 176 618 $2 018 605 273

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