Bitcoin Information

ZCASH Price Prediction Today: Daily (ZEC) Value Forecast – July 26

Azeez Mustapha
July 26, 2019

The short-term is in a bullish trend while the medium-term outlook is in a downtrend.
Responsible buying in the short-term to the key supply area may be considered.

ZEC/USD Medium-term Trend: Bearish

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

ZECUSD remains in a bearish trend in the medium-term outlook. $69.18 in the demand area was the low the bears could push the cryptocurrency before it weakened during yesterday session. The day ended on a bullish doji an indication of bulls returned.

The opening of today session had the bulls in control with price up at $72.25 in the supply area around the trendline. A bounce to the downside is expected in a bigger way as the bears build up momentum at the trendline.

Price is hovering between the two EMAs at $71.92 with the signal of the stochastic oscillator undefined at 57%, suggesting a consolidation ongoing before the massive drop to the downside in the medium-term as pressure on the coin by the bears becomes stronger.
$67.52 a key demand area is the bears' initial target as the journey down south continues.

ZEC/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in the short-term outlook. The bear lost momentum at $69.36 before the closed of yesterday session with wicks in the candle which denote exhaustion. Todays’ opening session opened at with the acted as resistance from 23rd July.

$67.53 was the low the cryptocurrency was at $67.53 with bulls taking charge with the break at the two EMAs. ZECUSD rose to $72.17 in the supply area before minor retracement to $70.30.

Price is above the two EMAs and the signal of the stochastic oscillator is pointing at 49%. These suggest an upward momentum in price of the cryptocurrency. $73.00 in the key supply area is on the card as bullish momentum increase with more candle open and closed above the two EMAs in the short-term.

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

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.