ZCash Price Prediction: Long-term (ZEC) Value Forecast – March 24 | ELEVENEWS
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ZCash Price Prediction: Long-term (ZEC) Value Forecast – March 24

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  • ZEC/USD trade has been found consolidating around $60 and $50 marks.
  • Indicators have now shown $50 market lower range mark as the first pivotal line.

ZEC/USD Long-term Trend – Ranging

  • Distribution territories: $65, $70, $75
  • Accumulation territories: $45, $40, $35

ZEC/USD market has now got well-defined range spots within which it has been featuring a series of choppy price movements in the last couple of days. The range zones are now found around $60 and $50 marks.

The two SMA indicators are now also found within the range zones a bit over its lower range mark. The 14-day SMA is a bit located below the present market price, but slightly above the 50-day SMA. The Stochastic Oscillators now slantingly point towards south-east direction across range 60. That could be a signal that the market may continue with the current range price movements.

The two SMA trading indicators have now shown that the $50 market present lower range mark as the first pivotal line to be wary of as the bears could find a good entry at that point if eventually broken downwards. A correction against the $60 current upper range mark could also let in a good entry for a bearish entry.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source:bitcoinexchangeguide

 

 

 

 

 

 

 

 

Zcash

Zcash price analysis: ZEC/USD is subject to a breakout from a bullish pennant pattern

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  • Zcash (ZEC) is trading up some 0.10% in the second half of Monday’s session.
  • Price action via the daily chart view is moving within bullish pennant formation.

ZEC/USD on Monday is trading in minor positive territory, holding gains of just some 0.10%, in the second half of the session. Price action via the daily chart view has formed a bullish pennant pattern, subject to a breakout.

Zcash, the privacy-based cryptocurrency (ZEC) are set to create a new zcash protocol with a sharding feature. The company behind the token, Electric Coin Company are keen “to make zcash usable by 10 billion people by 2050,” according to the Chief Engineer at ECC, Nathan Wilcox.

In terms of next major upside areas of resistance; $140, an area of supply last seen trading between September – November 2018.

ZEC/USD daily chart 

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Zcash up 33% this week: next targets $126 and $156

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Zcash has seen a 33% growth in the last 7 days and a 53% growth in the last month. Can ZEC, now valued at $112, reach its main target of $126 in the next coming days? This is Zcash analysis for 19 June 2019.

Highlights:

– First target of $98 hit

– Momentum making new highs

– Approaching main target of $126

Starting off with the daily chart, we can see that Zcash has hit the initial target of $98, and is now making its way to our main target of $126. If we take a look at RSI, to see what momentum is telling us, we are able to draw an uptrend line for this move that shows us we are still above trend. RSI is also making new highs, indicating momentum is still strong and growing.

Zcash/USD chart provided by Tradingview

We also still have our Fib tool laid out on the chart from our previous analysis for Zcash, which showed us the possible future expansion levels from its initial impulse wave. You can see that Zcash expanded almost perfectly to the first target of $98, before retracing back to the top of the initial impulse wave at $77. 

After momentum found support at the 50 RSI, Zcash then moved on to its next and final expansion to complete this wave set. We can see that we have already hit the next Fib line, the 227%, but as we know this is usually just a small resistance zone and not a main interest Fib line. 

Price usually takes a breather here due to traders taking profits after a nice increase in price, causing some minor selling pressure. As soon as those group of sellers are exhausted, the price will continue on to the main interest Fib line and the main target of $126.

Zcash/USD chart provided by Tradingview

If momentum can continue growing, then we might see Zcash reach the next Fib level, the 361%, which will get Zcash to a price of $156. For Zcash to be able to reach this high depends on if it can break resistance at $126 and find support above it.

Zcash/USD chart provided by Tradingview

Do you agree that Zcash can continue with this run and make new yearly highs, or is a dip overdue and we will see it fall back to $95? Let us know what you think in the comments below!

Disclaimer: Keep in mind this not investment or trading advice, just the opinion of our analysts. As always, do your own research, make your own decisions.

Source.chepicap

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Zcash

ZCASH Price Prediction: Long-term (ZEC) Value Forecast – June 16

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  • The journey to the north may be sustained with strong bullish pressure.
  • $100.00 in the supply is the bulls first target in the long-term.

ZEC/USD Long-term Trend: Bullish

Supply zone: $120.00, $140.00, $160. 00
Demand zone: $50.00, $40.00, $30.00

The cryptocurrency is a bullish trend in the long-term outlook. $75.49 in the demand area was the point of further rejection of downward price movement at the trendline. The presence of wicks around the trendline and the formation of the bullish candle signaled the bulls returned. ZECUSD rose to $85.00 above the 10-EMA.

Further confirmation of the market under the bulls control occurred with the large candle of 12th June. Price rose initially to $92.53 and later to $95.99, the high of the week.

The stochastic oscillator signal points up at 83% in the overbought region as the new week began on a bullish note. This is coupled with price above the two EMAs that are fanned apart. These suggest a bullish continuation in the long-term.

The bulls may keep price above the trendline in the days ahead with more candles open and closed above the EMAs as momentum increased and new traders take positions.

Live Zcash (ZEC) Price:

1 ZEC/USD =$93,94 change ~ 1.26%

Coin Market Cap$634.05 Million

24 Hour Volume$340.27 Million

24 Hour Change$ 1.1700IndexBitfinexKrakenGeminiExmoCexio1D1W1M3M1YALLValue$94May 21May 25May 29JunJun 06Jun 10Jun 1465707580859095Volume$306,089.42May 21May 25May 29JunJun 06Jun 10Jun 1402,000,0004,000,000May 21May 25May 29JunJun 06Jun 10Jun 14

24 Hour VWAP$93

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source:bitcoinexchangeguide

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