Altcoins

Zcash Market Report: $ZEC Sees All Time High, Falls Back

Brief:


Zcash has reached an all time high of $799.26 and profit taking has driven the price lower. Zcash is down -3.09% in 24 hours, up 48.64% on the week and up 143.32% on the month on a last price of $710.00. The Zcash marketcap is $2,140,192,760 with a circulating supply of 3,014,356 $ZEC. $ZEC/USD is trading between a 24hr high of $760.00 and a 24hr low of $576.49 on a 24hr Bitfinex volume of $28,982,900. In daily moderate volume trading the weekly trend is mixed.

Last price

710.00 $ZEC/USD

$USD

last price $ 710.00
one week ago $ 477.67
percentage 48.64%

Volume

Volume

$ZEC 24 hour volume
USD $28,982,900
all $ZEC currencies $285,533,000

The 24 hour volume for $ZEC/USD on Bitfinex is $28,982,900 . This volume weight is moderate when compared with Bitfinex daily trading levels for $ZEC over the last month.

The total 24 hour volume for all reporting $ZEC markets is $285,533,000.

Market Share

The Bitfinex currency pair $ZEC/USD is 10.15% of all $ZEC traded in twenty-four hours. Bithumb.com has leading market share of 25.47%.

Remarks

Zcash has reached an all time high of $799.26 and profit taking has driven the price lower. Zcash is down -3.09% in 24 hours, up 48.64% on the week and up 143.32% on the month on a last price of $710.00. The Zcash marketcap is $2,140,192,760 with a circulating supply of 3,014,356 $ZEC. $ZEC/USD is trading between a 24hr high of $760.00 and a 24hr low of $576.49 on a 24hr Bitfinex volume of $28,982,900. In daily moderate volume trading the weekly trend is mixed.

$ZEC reached an all time high of $799.26 yesterday on January 07 2018. Today we see pullback as traders take profit and the price begins to stabilize.

One Year Chart

Courtesy CoinMarketCap.com

One Day Candles

Browse Zcash Collection

Learn about the unique characteristics of $ZEC. Browse our collection of Zcash Market Reports.

Tuesday January 09 2018 Bitcoin Background

Altcoins such as Zcash may show a relationship with bitcoin (BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-7.39% price $15,081.90
vol $18,006,200,000
mktcap $253,227,167,220
16.79M #XBT 01:07 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Price change

Price change is the $ZEC percentage change within the period:

period change
day -3.09%
week 48.64%
month 143.32%

Highlight Chart

Tap / click to enlarge:

Zcash has reached an all time high of $799.26  and profit taking has driven the price lower. Zcash is down -3.09% in 24 hours, up 48.64% on the week and up 143.32% on the month on a last price of $710.00.
Zcash has reached an all time high of $799.26 and profit taking has driven the price lower. Zcash is down -3.09% in 24 hours, up 48.64% on the week and up 143.32% on the month on a last price of $710.00.

Data source

Bitfinex is the main data source for this report. Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the Zcash market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 2,140,192,760
Circulating supply 3,014,356
Last price $ 710.00
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 760.00 USD
daily low 576.49 USD

Trend

The weekly trend is mixed.

trend is MIXED

Resistance

Resistance is the highest price within the period:

period resistance
day 760.00 USD
week 799.26 USD

Support

Support is the lowest price within the period:

period support
day 576.49 USD
week 457.61 USD

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Zcash has reached an all time high of $799.26 and profit taking has driven the price lower. Zcash is down -3.09% in 24 hours, up 48.64% on the week and up 143.32% on the month on a last price of $710.00. The Zcash marketcap is $2,140,192,760 with a circulating supply of 3,014,356 $ZEC. $ZEC/USD saw weekly resistance at $799.26 and weekly support at $457.61. Market sentiment is neutral. The weekly trend is mixed in daily moderate volume trading.

Price Direction
On January 07 we saw moderate volume drive the price to an all time high. Today we saw the price fall off but in light to moderate volume. In the wee hours of January 09 on the hourly candle chart we are already seeing three (3) consecutive green hourly candles. If we see a price falloff the next support level is near $680, and below that at $605. A climbing price is anybody’s guess since we’re near at an all time high however the next logical resistance level is near $750. The daily, four hour and one hour candle charts were reviewed when determining these probable levels.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Tuesday January 09 2018 01:02 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Coming soon

Thanks for reading! 🙂

Tags

Zcash, $ZEC, USD, Bitfinex, Market, Report, $ZEC/USD, altcoins

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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