ZEC seen from the temporality of 1D we can see how the price maintains an uptrend, the structure is forming a diagonal leading, one of my favorite setup bullish, the price in its retreat is managing to stay above the second minimum of this formation, I have drawn a blue diagonal as confirmation, if the price manages to close above the key support located in the 90.86 and stay above the diagonal, the odds of a next bullish move are very high, if all goes well, in the chart above I have pointed out our target within a blue rectangle located in the price range of 176.68 – 182.62.
ZEC seen from the temporality of 4H we can observe more closely the current movement, we see how the price is recovering after the strong backward movement that had not only ZEC if not all the alts market in general, the price in 4H shows oversold and begins to show bullish divergence, the formation is of an inverted SHS, the most bullish setup, I have traced in the image above the possible trajectory that should follow the price after closing above the key support, we should see a bullish movement that reaches the level of important offer located in the 105.93, after this movement the price should form a higher minimum to have confirmation of a much larger bullish movement, as suggested by the trajectory I have drawn in the chart.
In conclusion, ZEC maintains a high value bullish setup, the price has managed to find demand close to an important level, to get the daily candle close above 90.86, the upside probabilities will be very high, a retracement below 75 would invalidate the pattern, currently the price is at 91 but with good momentum that could be enough to claim support and continue to rise, however, the whole zone between the price range of 90 – 75 is in demand and is valid to maintain a bullish setup, I therefore recommend to be very attentive to the closing of the daily candle and wait for confirmation, fortunately, the BTC remains above 11141 and I see it with many possibilities to continue to rise in both 1D and H4, even so do not neglect your operations.
As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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I am keeping observing and following up this chart.
3 lines confining the move right now and I do not find a probable bull pattern but a Flat correction if the volume does not help us.
At the 4-hour chart the most realistic count in my opinion claims for 5 waves down towards 9400 USD support.
(C) must be lower than (A) and this last touched the 9700 USD so I think 9400 may be a good ground to rebound on.
In order to keep a Bullish continuation, BITCOIN should move from that level upper than the higher high of the year, almost around 14000 USD…
Will see what happens in the coming days, if we keep ranging, falling further or finally ending the correction…
The future scenario of the whole market is now on play.
@toofasteddie
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
You all have probably heard of @drugwars game. It launched and was one of the Top 5 CryptoGame played worldwide. Here is the address to sign-up.
It used to pay rewards in Steem before it stopped and then a lot of us left the game as they saw no more interest.
At first, updates were very frequent and it slowed down during the past month. Nevertheless, a few news get me very excited.
Drugwars Dollars will be implemented on Steem Engine, therefore we will soon be able to monetize some of the progress in the game. Link: https://steemit.com/drugwars/@drugwars/drugwars-dollars-on-steem-engine
Drugwars communicated that a big update is coming ! We will soon be able to hold a gang territory, this will bring new missions (and rewards) as well as a new phase to the game: GangWars.
This is great because in order to get players involved and increase the value of the token, you need ot have a competitive landscape where you are willing to buy this token in order to be stronger to fight other players. It is a kind of risky investment where you invest for a future reward if you succeed.
If you didn’t join the platform yet, use my referral link and I will send you 100k of each ressource (Drugs, weapons and alcohol)
Believe me this will help you to kickstart and progress quite rapidly
This game has the potential to increase the overall value of Steem as Steemmonsters was able to do so.
If you use my referral link, just comment below and I will send you the ressources to get you started as well as a FREE Upvote.
I put WD-40 up there almost with water and air, meaning it’s something we take for granted, but can’t live without it. It has infinite uses, from cleaning cleaning tiles, to softening leather, to free struck legos, to getting rid of rust, is the real utility knife. Just look at the more than 2000 uses of WD-40.
WD-40’s stock had its best day in more than six years Wednesday after it said customers stockpiled the product ahead of a price increase.
The chemical manufacturer reported third quarter-earnings late Tuesday that beat expectations. Sales rose 7% to $114 million for the quarter, which the company said was bolstered by especially strong North American sales as customers stocked up on their grease and cleaning products. The company’s shares were up 8.6% Wednesday.
WD-40 (WDFC) CEO Garry Ridge said in a release that its North American customers were “buying high volumes of product in advance of our planned price increases in the region.” WD-40 announced it was hiking prices a year ago. It hiked prices predominantly because of rising commodity prices, although steel and aluminum tariffs had raised its canning costs somewhat as well.
Ridge said on a call with analysts that the company doesn’t expect any additional price increases this year. He said that it has felt “some residual impact of tariffs,” but the price increase for its can are “somewhat coincident with the timing of tariffs.”
I confess I am not really in favor of the Bid Bots…well, to tell you the true, I only see one GOOD Bid BOT which is @isotonic which was created by me in order to fund the @runningproject initiative…
@leo.voter is another type of Bid Bot, but unlike the traditional Bid Bots at steem, It receives bids in LEO tokens and then distributes those tokens to SP delegators while simultaneously burning it’s proportion so, when you use this bot, you are Burning Leo Tokens essentially, and it is good because you create SCARCITY.
If you combine scarcity and demand the result is always a WIN-WIN.
I think @steemleo is doing a great and innovative work at the steem blockchain and I like the way they are evolving by introducing new revolutionary ideas.
Now, let me test how @leo.voter works so, I am going to send a couple of “scarcy” LEO token to the bot in order to see how much I get back.
Donald Trump saying he is not a fan of Bitcoin (BTC) and cryptocurrency is “yuge” for the industry, commentators were suggesting after new tweets on July 12.
In the hours after the United States’ president delivered his lackluster appraisal of crypto, the Bitcoin price stayed stable, only to then begin growing to hit 1% gains Friday.
Negative or not, for proponents, the event marked a psychological milestone for Bitcoin, as Trump had previously held off from mentioning it in public.
Federal Reserve Chairman Jerome Powell said he can envision a return to an era where multiple currencies are in use in the United States.
During Powell’s testimony before the Senate Banking Committee on Facebook’s planned Libra cryptocurrency, he said: “The size of Facebook’s network means it could be, essentially, immediately systemically important.”
Though the initiative raised “a lot of serious concerns,” including privacy, money laundering, consumer protection, and financial stability, he began to speak favorably about other cryptocurrencies.
How far we've come. The Chairman of the Federal Reserve just compared bitcoin to gold
Mining difficulty on the Bitcoin (BTC) network has taken its steepest upturn in almost a year, data from major Chinese mining pool BTC.com reveals.
On July 9, difficulty surged by over 14% to hit 9.06 trillion (9.06 T), at an average hash rate of 64.85 EH/s — a new all-time-high in the network’s history.
The last time the network posted such a sharp increase in block producing difficulty was back in late July 2018, when it soared almost 15% over a 2,016 block interval. At that time, however, average hash rate was at 42.59 EH/s and absolute difficulty was at a significantly lower 5.95 T.
Anchorage, a company providing crypto custody services for institutional investors, has just raised $40 million in a Series B funding round.
In an announcement Wednesday, the firm said the round was led by Blockchain Capital, with Visa Inc. and existing investors such as Andreessen Horowitz also participating. Anchorage has now raised $57 million in total funding since 2017.
Diogo Monica, Anchorage co-founder and president, said:
“Our mission at Anchorage is to advance institutional participation in the digital asset class, and this funding will improve our ability to do precisely that. To have the support of pioneering organizations like Visa and Blockchain Capital is a validation of Anchorage’s vision for the emerging economy of digital assets.”
A loose group of developers are testing out the idea that the combination of bitcoin and orbital communication might provide a means for stopping governments or other powerful entities from suppressing news they don’t like.
Censorship is a worldwide problem, with one of the more recent examples include a new law strengthening the Russian government’s control over the internet, which pundits worry will be used to censor information that reflects poorly on it. As such, technologists have long tried to chip away at this problem with technology that ranges from privacy browser Tor to the walkie-talkie messaging app Zello, the latter of which Venezuelans used to read information that’s uncontrolled by the government and to organize protests a few years back.
A more recent effort is being waged by a small but global group of developers who are sending messages using satellites paired with software from the bitcoin technology startup Blockstream, initially deployed with the grand goal of allowing people worldwide access to bitcoin even if they didn’t have internet.
“Ask us anything! Live Telegram AMA Friday 12 July starting at 8:00 AM GMT”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The correction is still in progress on the STEEM and looks really powerfull. Today we broke the support line around 0.29$ and we are continuing to drop. We have a high risk now to go in the direction of the 0.24$ support line in red… yeah it is really low but we don’t have real support before. Let’s see !
In Elliott Wave terms, Ren began a wave one advance on May 13. The red wave one finished on June 10, and the red wave two correction ended on June 16. The red wave three advance finished on July 2, and the red wave four correction ended on July 9. If this wave count is correct, Ren should be heading next towards the July 2 peak in the red wave five.
Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain. You can read the most recent interview with Ren co-founder Loong Wang here.
Brexit is an abbreviation for “British exit,” referring to the U.K.’s decision in a June 23, 2016 referendum to leave the European Union (EU). The process of Britain staying or not staying in the EU has been entertaining to say the least. Former Prime Minister David Cameron, who campaigned for Britain to remain in the EU, announced his resignation the following day. Then Theresa May, who replaced Cameron, stepped down in June after facing severe pressure to resign.
It’s been pretty quiet since June, maybe because the new Brexit deadline is late October 31, 2019. However, Richard Branson, the billionaire had something to say about Brexit today.
Branson told the BBC that a hard Brexit would be “devastating” for Virgin and would lead the group to invest outside the U.K. Virgin Atlantic would lose $125 million (£100 million) of air freight contracts from Europe, after having already seen its costs rise by $125 million (£100 million) after the pound slumped in value following the 2016 referendum.
“The pound was at $1.53 when the referendum took place. The pound today it is at $1.22, $1.23, and the pound will collapse to parity with the dollar if there is a hard Brexit,” said Branson.
Branson’s comments came as the British currency plunged to a two-year low of $1.24 against the dollar earlier this week. The pound has fallen in recent months over concerns about the health of the U.K. economy and the prospect that Boris Johnson, who has argued for no-deal Brexit, will become the U.K.’s next prime minister.
We get so caught up in the day to day that sometimes I like to zoom out and look at a monthly price chart of a crypto to see what my broad guess would be for future price.
Boy I Wish I Wouldn’t Have Looked
This monthly chart of steem seen in the post. Well, it definitely doesn’t give you the warm and fuzzies about future price action.
25 cents is a key area on the daily chart and price just bounced off it today. It is important to hold that level because otherwise we are likely going to see 20 cents which is the most recent bottom on the monthly chart.
However, for tried and true support from the past though, we are looking at 10 cents steem. TEN CENTS! I really don’t want to experience that again. I was here for it the first time and boy is that ride depressing.
Here’s hoping we see an uptick in alts, steem included.
The Sell Programs Need to End Already
I can say this, until these sell programs from some whales (not to be named) end it will be unlikely we see good price appreciation. So many good things going on in the steem community and on the blockchain, but damn if that selling pressure just won’t let up!
