- ZEC/USD trade has been basically featuring a line of lower lows in the market.
- Traders are now expected to watch out for a decent buy set-up around $60 and $40 price territories.
ZEC/USD Long-term Trend – Ranging
- Distribution territories: $80, $90, $100
- Accumulation territories: $50, $40, $30
The trade worth of ZEC/USD has been basically featuring a line of lower lows under the sell trend-line of the 14-day SMA in a range. On April 23, the pair started depreciating faintly from around a market value put at $70 mark to now hover around a low point at $60 rate.
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The cryptocurrency may still continue with its present choppy market movements till the next trading days in the week. Whilst that assumption comes to play, it would be very necessary to wait for strong price action to occur. Traders are expected to be on the lookout for a decent buy set-up around $60 and $40 price territories.