ZCASH Price Prediction Today: Daily (ZEC) Value Forecast – July 19


  • The short and medium-term outlook is in a downtrend.
  • Responsible selling may be considered at key areas.

ZEC/USD Medium-term Trend: Bearish

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

ZECUSD is in a bearish trend in the medium-term outlook. The bullish momentum was sustained as predicted to the 61.8 fib area with the coin making a high at $82.02. The presence of wicks in candles at this area connotes bullish exhaustion and subsequently bears return.

Price fell to $70.53 in the demand area closing at $79.15 as yesterday session ended.
Today’s opening session opened on a bearish note at $79.06 with the break of the resistance at the 10-EMA and the cryptocurrency down to $75.23.

With the signal of the stochastic oscillator pointing down at 72%, suggesting downward momentum in price in the medium-term.

The 23.6 fib area is the bears' initial target at $71.14 before the breakdown at the previous low at $64.01 the demand area.

ZEC/USD Short-term Trend: Bearish

The cryptocurrency is in a downtrend in the short-term outlook. The target at $82.00 in the supply area was attained due to the strong bullish momentum which was lost with inverted pinbar formation suggesting exhaustion.

The bears took control of today’s session with price at $78.85 with the formation of another pinbar as the cryptocurrency fell to $75.23.

Price is below the two EMAs and the signal of the stochastic oscillator is pointing down at 15% in the oversold region. These suggest a downward momentum in price of the cryptocurrency.

$72.00 in the demand area is on the card as bears increased momentum with more candle open and closed below the two EMAs.

Live Zcash (ZEC) Price:

1 ZEC/USD =$330.0869 change ~ 5.70%

Coin Market Cap

$3.87 Billion

24 Hour Volume

$820.81 Million

24 Hour VWAP

$322

24 Hour Change

$18.82

 

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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