ZCASH Price Prediction Today: Daily (ZEC) Value Forecast – June 21
- The short and medium-term outlook is in a bullish trend.
- Responsible buying at pullback areas is recommended.
ZEC/USD Medium-term Trend: Bullish
Supply zones: $130.00, $150.00, $180.00
Demand zones: $50.0000, $40.00, $30.00
ZECUSD is in a bullish trend in the medium-term outlook. The bulls stage a comeback within the 23.6 fibs after the bearish exhaustion at $106.22. Price rose to $111.03 before the end of yesterday session.
The bulls held on to the market as it opens today at $106.22, increased momentum pushed price further up to $116.11 in the supply area which was the previous high on 19th June before the drawdown for market correction by the bears.
Price above the two EMAs, which area fanned apart suggesting strength in the context of the trend and in this case the uptrend.
The uptrend continuation is confirmed by the stochastic oscillator signal pointing up at 51 % an indication of upward momentum in the medium-term. A retest of the high at $116.11 in the supply area and a subsequent breakout is imminent.
ZEC/USD Short-term Trend: Bullish
The cryptocurrency is in the bullish trend in the short-term outlook. The break at the two EMAs crossover confirms the bulls returned before the end of yesterday session. ZECUSD was up at $110.67 in the supply area.
Today’s 1-hour opening candle at $109.63 sustained the bullish momentum. Price rose to $114.83 shortly after opening.
The stochastic oscillator signal points up at 63%. This suggests upward momentum and indication of continuation in price of the cryptocurrency. $116.00 in the supply area is on the card as the bulls' initial target in the short-term.
Live Zcash (ZEC) Price:
1 ZEC/USD =$126.9613 change ~ -0.42%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research