2018-12-23 12:13 |
ZEC/USD Long-term Trend – Bullish Distribution territories: $105, $125, $145 Accumulation territories: $40, $30, $20
There has been relatively an increase in the market valuation of ZEC/USD over a few days. On November 29, was the day that the crypto witnessed a notable high mark of around $96 before dropping back to around $49 low mark on December 14.
The pair has continued trading around $70 market territory over the 14-day SMA’s trend-line. The 50-day SMA is situated above the 14-day SMA. The Stochastic Oscillators have moved north to seemingly attempt closing below range 80. That could signify that there may soon be a line of consolidation movements in the market soon.
There seems that ZEC market has not been making a very strong valuable move against the US dollar price worth, and that could, later on, result in losing out strength to bears in the market. A foundation appears to have been built around $49 mark, and any attempt by bears to break it southwards may cause bulls once again to suffer more.
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