ZCASH Price Prediction: Long-term (ZEC) Value Forecast – June 22
- The journey to the north may be sustained with strong bullish pressure.
- $140.00 in the supply is the bulls next target in the long-term.
ZEC/USD Long-term Trend: Bullish
Supply zone: $200.00, $300.00, $400.00
Demand zone: $50.00, $40.00, $30.00
The cryptocurrency is a bullish trend in the long-term outlook. The bulls kept price above the trendline as predicted in the last long-term article as ZECUSD cross the $100.00 mark on 17th June. Price rose progressively from $108.00 to $122.47 in the supply area on 21st June.
Price is above the two EMA an indication of strong bullish pressure while the EMAs are fanned apart indicating strength in trend. The stochastic oscillator signal is at 81% in the overbought region with possible turn up as the bullish momentum increased and more candles open and closed above the two EMAs in days ahead.
The structure of the market is an expanding triangle, a bullish continuation pattern. Hence the bulls may continue to dominate the market in coming days. $140.00 is a key support area and may be retested as the bullish pressure becomes stronger.
Live Zcash (ZEC) Price:
1 ZEC/USD =$119.9917 change ~ -5.60%
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