ZCASH Price Prediction: Long-term (ZEC) Value Forecast – June 16
- The journey to the north may be sustained with strong bullish pressure.
- $100.00 in the supply is the bulls first target in the long-term.
ZEC/USD Long-term Trend: Bullish
Supply zone: $120.00, $140.00, $160. 00
Demand zone: $50.00, $40.00, $30.00
The cryptocurrency is a bullish trend in the long-term outlook. $75.49 in the demand area was the point of further rejection of downward price movement at the trendline. The presence of wicks around the trendline and the formation of the bullish candle signaled the bulls returned. ZECUSD rose to $85.00 above the 10-EMA.
Further confirmation of the market under the bulls control occurred with the large candle of 12th June. Price rose initially to $92.53 and later to $95.99, the high of the week.
The stochastic oscillator signal points up at 83% in the overbought region as the new week began on a bullish note. This is coupled with price above the two EMAs that are fanned apart. These suggest a bullish continuation in the long-term.
The bulls may keep price above the trendline in the days ahead with more candles open and closed above the EMAs as momentum increased and new traders take positions.
Live Zcash (ZEC) Price:
1 ZEC/USD =$332.1296 change ~ 5.87%
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