• The short and medium-term outlook is in a bullish trend.
• Responsible buying at key areas recommended.

ZRX/USD Medium-term Trend: Bullish

Supply zones: 0.4000, 0.4200, 0.4400

Demand zones: 0.2800, 0.2700, 0.2600

The cryptocurrency medium-term outlook is a bullish trend. The strong bullish pressure within the range on 15th June led to break out at $0.3500 in the upper supply area. $0.3560 was the initial high while $0.3717 was the high of the day before exhaustion sets in.

The bears actually returned to retest the broken area and dropped further down to $0.3386 above the 50-EMA closing with wicks during yesterday session an indication of bulls returned.

The bulls sustained yesterday momentum as the market opens today at $0.3481. ZRXUSD rose to $0.3580 as the bulls journey up north.

The stochastic oscillator signal pints down at 50% which suggest a minor drawdown before upward continuation in price in the medium-term as price stand above the two EMAs an indication of strong bullish pressure within the market. $0.3800 in the supply area is o the card.

ZRX/USD Short-term Trend: Bullish

The coin remains in a bullish trend in the short-term outlook. The predicted target at $0.3380 was attained in grand style over the weekend. The cryptocurrency further shot up to $0.3709 in the supply area.

Price retraced to $0.3393 in the demand area which is the 50.0 fibs area, a trend reversal area during yesterday session and closed with signs of the bulls gradual return with the break at the two EMAs.

Price is up at $0.3574 in the 38.2 fibs area a trend continuation suggesting upward price movement in the short-term.

With the stochastic oscillator signal pointing up at 63%, it confirmed the bullish continuation with $0.3709 in the supply area for a retest and subsequent breakout.

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