ZCash (ZEC) Long-term Price Analysis – February 17

2019-2-17 12:20

ZEC/USD Long-term Trend – Ranging Distribution territories: $70, $80, $90 Accumulation territories: $40, $30, $20

The price valuation of ZEC/USD has been seeing differential faints of price range movements in the north-east direction to the February 8 short spike candlestick. The crypto began to feature lower lows on Feb. 13 while it touched the 50-day SMA.

The 50-day SMA has kept a short distance above the range spot while the 14-day SMA keeps its location a bit below the said zone. Price has been fluctuating around the range spot which is found between the two SMAs. The stochastic Oscillators are now seemingly attempting to cross their hairs at range 60. That could mean a consolidation movement continuation signal.

Like a similar scenario in the other crypto-trades, the market valuation of ZEC/USD may need to shrink downwards further to allow the bulls to muster up their momentum. The last sudden spike appears not enough to simply imply a good foundation for the bulls’ market re-emergence. Traders are advised to wait for strong price action before considering joining the market.

 

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 $ 50.92 (-100%)

zec price territories usd long-term february crypto

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