ZCASH Price Prediction Today: Daily (ZEC) Value Forecast – June 13
- The short and medium-term outlook is in the uptrend.
- Buying in pullback areas may be considered.
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. $90.00 predicted target was attained during yesterday session. Increased momentum led to further push of price to $92.54 in the supply area.
Wicks in the candle connote exhaustion as the bears stage a gradual return. ZECUSD dropped to $86.63 in the demand area due to the minor bears' activities as the market opens today.
Price is around the 23.6 fib area a trend continuation zone, an indication that the bullish trend may continue the journey up north.
The two EMAs are fanned apart and the stochastic oscillator signal points up at 77%. This suggests upward momentum in price of the cryptocurrency in the medium-term. A retest of yesterday high at $92.54 is probable and subsequent breakout due to the increased bullish momentum.
ZEC/USD Short-term Trend: Bullish
The cryptocurrency is in the uptrend in the short-term outlook. The breakout from the two EMAs at $82.29 during yesterday session signaled the bulls takeover of the market. $92.34 in the supply area was the high attained by the cryptocurrency before the end of the session.
The market correction was necessary hence the drawdown shortly after today opening. ZECUSD fell to $86.65 in the demand area before the bulls returned.
Price is currently above the two EMAs at $89.14 and the stochastic oscillator signal points up at 35%. These suggest continuous upward price movement.
Live Zcash (ZEC) Price:
1 ZEC/USD =$110.8067 change ~ 5.73%
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