ZCash HashRate

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The lower the USD price of ZCash goes the more hashrate is increasing. This shows miners are willing to speculate that ZECBTC will have good returns in an eventual bull market. Safest trade seems to be “Averaging In” a position on the weekly chart breakouts from horizontal resistances.

Disclosure. The author owns a small bag of ZEC.

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ZCash (ZECBTC)

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An Elusive Breakout

After spending 3 years in a downtrend ZECBTC broke to the upside of trend earlier this year. The current retrace in price gives the opportunity for sideways accumulation to manifest. If so “trading the range” and then “adding on the breakout” seems like the swing trades to watch.

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