FUNDAMENTAL OVERVIEW Zcash rallied by more than 45% this week on a couple of key idiosyncratic catalysts. The community's NU7 governance vote overwhelmingly supported keeping Bitcoin-style halvings while reducing block times to 25 seconds. That provided additional clarity around Zcash's monetary policy and upcoming network upgrade. But the most significant news was Paradigm disclosing that it owns ZEC, with co-founder Matt Huang describing Zcash as a privacy-focused complement to Bitcoin. The disclosure came alongside confirmation that Paradigm is also an investor in the Zcash Open Development Lab. Paradigm manages roughly $12 billion dollars. It’s one of the better-known institutional investors in crypto and it has backed major crypto projects. On the macro side, the Fed delivered a rate hike on Wednesday as widely expected and projected a less hawkish path for interest rates than the market was pricing. After the initial overreaction and risk-off, the market got back to senses and risk assets rallied. Looking ahead, I would carefully watch the situation in the Middle East as $100 oil, rate hikes and elevated bond yields might put more pressure on Trump to end the war. We might be already entering a de-escalation phase as Trump called a meeting with Gulf leaders on Tuesday on the sidelines of the UN General Assembly in New York to discuss the next steps in the war with Iran. Notably, the Iranian delegation will be allowed to participate. A de-escalation would send oil prices lower, easing inflation and rate hikes concerns and improving significantly the general risk sentiment, ultimately supporting the crypto market. ZCASH TECHNICAL ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we can see that Zcashbounced from the major trendline and eventually extended the rally into new highs. If we get another pullback into the trendline, we can expect the buyers to step in with a defined risk below the trendline to keep targeting new highs. The sellers, on the other hand, will look for a break lower to pile in for a drop into the 1027.00 swing low next. ZCASH TECHNICAL ANALYSIS – 4 HOUR TIMEFRAMEOn the 4 hour chart, we can see that the break above the resistance zone around the 1,220 level increased the momentum further as more buyers piled in into new highs. There’s not much we can glean from this timeframe, so we need to zoom in to see some more details. ZCASH TECHNICAL ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, we have a minor trendline defining the bullish momentum. The buyers will likely lean on the trendline with a defined risk below the 1440 swing low to keep pushing into new highs. The sellers, on the other hand, will want to see the price breaking below the swing low to extend the pullback into the 1324 level next.UPCOMING CATALYSTSOn Tuesday, we have the Trump meeting with Gulf leaders and on Wednesday, we get the Flash US PMIs. This article was written by Giuseppe Dellamotta at investinglive.com.