ZCash (ZEC) Long-term Price Analysis – December 30

2018-12-30 11:46

ZEC/USD Long-term Trend – Ranging Distribution territories: $100, $120, $140 Accumulation territories: $40, $30, $20

The USD price worth slightly prevailed over the market valuation of ZEC on December 25. Previously, the crypto was in a bullish outlook while it touched a high price point of around $70 on Dec. 24.

The pair has been hovering around $60 mark and along with the 14-day SMA’s trend-line. The 50-day SMA is separated by a small gap over the 14-day SMA that has been a bit bent northward. That indicates that the crypto is striving hard in its recovery bid against the US dollar market. The Stochastic Oscillators have closed a bit above range 40 to seemingly start a consolidation movement around it. That is an indication that trading activities may be suspended for a while.

There is a tendency that this crypto-market may still need to feature lower lows and lower highs around $60 and $40 market territories in the next trading sessions. It is also expected of the bulls to muster up their needful strength during the presumed assumption to stage a come-back.

 

 

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

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Zcash (ZEC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $27.26
Капитализация $0 Rank 99999
Цена в час новости $ 59.38 (-100%)

price zec territories usd long-term december touched

Источник: bitcoinexchangeguide.com

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