zcash is accumulated on weekly timeframe

This is an update to the previous idea. I dont think the trade is over yet.
The timeframe to watch is the weekly chart where it remains bullish. It consolidates above the june high after breakout with solid volume. Seems like accumulation to me.
Because it holds above the previous high its likely that it will start another rally.

評論:

I think that zcash mainly competes with bch at this time: A coin with btc codebase but cheaper transaction fee.

I think zcash is better than bcash because it is not controlled by a single mining corporation. The blocksize limit of 2mb seems like a better trade off than unlimited blocksize. Additionally It adds privacy.