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