ZCASH Price Prediction Today: Daily (ZEC) Value Forecast – July 18


  • The short and medium-term outlook is in the uptrend.
  • Buying at key areas recommended.

ZEC/USD Medium-term Trend: Bullish

Supply zones: $100.00, $110.00, $120.00
Demand zones: $50.0000, $40.00, $30.00

ZECUSD is in a bullish trend in the medium-term outlook. The strong bears' pressure was weakened at $64.10 in the demand area on 16th July after three weeks of bears dominated the market.

The rally began after the morning star formation shortly after yesterday opening was price rose to $72.02. Increased bullish momentum pushed the coin up before the session ended yesterday to $80.00 in the supply area.

Today’s opening price at $74.27 had the bulls still in control with price already up at $77.81 above the 10-EMA.

The rally may be sustained as more buyers take positions in the market with the pushed of the coin to the 61.8 fib level at $82.71 in the supply area as indicated by the signal of the stochastic oscillator pointing up at 60%, suggesting upward momentum in price in the medium-term.

ZEC/USD Short-term Trend: Bullish

The cryptocurrency is in an uptrend market in the short-term outlook. The double bottom formed at $66.00 returned the bulls returned before the close of yesterday session with the break at the resistance at the two EMAs. ZECUSD rose to $77.59 in the supply area.

The ABC Elliot pattern is formed as the rally continues after today’s opening price at $74.99. With bullish railroad at the B, it suggests that the possibility of attaining C is high with increasing momentum in the short-term coupled with the signal of the stochastic oscillator pointing up at 70%.

$82.00 in the supply area is on the horizon with more candle open and closed above the two EMAs.

Live Zcash (ZEC) Price:

1 ZEC/USD =$123.2538 change ~ -8.22%

Coin Market Cap

$1.36 Billion

24 Hour Volume

$330.66 Million

24 Hour VWAP

$123

24 Hour Change

$-10.14

 

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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