Hey, guys.
Have you seen what is going on with anonymous cryptocurrencies such as XMR, DASH, ZEN, ZEC?
Let's take a closer look at ZEC as it is the most interesting one right now.
Due to the banning of anonymous cryptocurrencies in a number of jurisdictions, confidential crypto has been delisted from a number of exchanges.
XMR and ZEC was removed from the OKX exchange, and later XMR was also removed from Binance, but ZEC is still listed and trading, for how long is unknown.
If you look at the ratio of the broad altcoin market TOTAL3 to ZEC you can see that the instrument has rolled to the bottom, forming a platform that looks like a trend leveling and now there is a rebound, and since June, when most altcoins have folded by 50-70% Zcash has remained at the same levels or even increased.
On the chart of the instrument is also a breakdown of the downtrend, but for confirmation I am waiting for a breakdown of the $ 35 zone with the potential of a return, at least to the zone 0.382 looks very good. On the volume terminal there are also large volumes on the asc delta. The last flash crash was very quickly bought back and returned to the $30-32 zone. Cancellation of all this scenario will be the departure of the price below 25$.
Risks to consider.
1. higher volatility compared to bitcoin.
2. Risk of delisting, the transaction in question is not buy and hodl, but buy to earn/lose and exit.
Stay tuned.
