A look back at our successful trading analysis of Zcash
This month we picked up Zcash as one of the top interesting cryptocurrencies from trading point of view. After months of consolidation, Zcash had given a breakout.
We first covered it on Dec 7 at around $320 levels as our top pick for good returns:
As #Bitcoin takes a breather, time to buy alts.
Top 5:#ZCASH#Litecoin#IOTA#NEO#Vertcoin #Crytpto #Blockchain #fintech #trading #money #investing #ideas pic.twitter.com/JdsE5MBOpP— InstaCoinNews (@InstaCoinNews) December 8, 2017
Soon after that Zcash crossed $400 on December 13, we had been bullish with $500 as the next target price:
#InstaCoinAlert
Price Alert: #Zcash has crossed $400 barrier finallyWith support from bulls, $500 is the next level to look out for.@zcashco @ZcashNews @mineZcash @ZcashTrust #Blockchain #fintech #money #investing #Crypto #bitcoin pic.twitter.com/JHb5PKcnEa
— InstaCoinNews (@InstaCoinNews) December 13, 2017
Later during the same day, Zcash hit $500:
As per coverage, #Zcash hit $500 today
With support from bulls, it can move closer to $1000 following the footsteps of #ETH@zcashco @ZcashNews @mineZcash @ZcashTrust #Blockchain #fintech #money #investing #Crypto #bitcoin https://t.co/8yrsl5J11m
— InstaCoinNews (@InstaCoinNews) December 14, 2017
On December 17, we had posted a possible rally to $700 which was achieved as well with Zcash making a high of $720+:
#InstaCoinAlert
Price Alert: #Zcash has crossed $500 barrier finallyWith support from bulls, $700 is the next level to look out for.@zcashco @ZcashNews @mineZcash @ZcashTrust #Blockchain #fintech #money #investing #Crypto #bitcoin pic.twitter.com/JHb5PKcnEa
— InstaCoinNews (@InstaCoinNews) December 17, 2017
After the brief profit booking phase in the Crypto market, all major currencies including Bitcoin, Ethereum, Litecoin, Monero, Dash and Zcash have corrected by 25-30%. Now, the recovery is happening and Zcash is trading comfortably above $550 level. The next rally is expected to take Zcash to a new high and we might be seeing a level of $1000 soon.
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