• The crypto's price is in choppy price action because the resistance and support levels are not evenly apart.
• The small body candlesticks are like the Doji and spinning tops which described the indecision of buyers and sellers at the current market.

XZC/USD Medium-term Trend: Ranging

• Resistance Levels: $8.0, $9.0 $10.0
• Support levels: $6.0, $5.0, $4.0

Yesterday, June 3, the price of Zcoin was in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally indicating that price is in a sideways trend. The EMAs has formed a single moving average surroundered by small body candlesticks. The small body candlesticks are like the Doji and spinning tops which described the indecision of buyers and sellers at the current market price.

The crypto's price is in choppy price action because the resistance and support levels are not evenly apart. Traders should abstain from trading such cryptocurrency. On April 7, the bulls attempted to break the $9 resistance level but were resisted. The price fell to resume its range bound movement.

On May 16, the bulls made a second attempt to break the upper price range but were repelled. The price of Zcoin is horizontally flat with no support or resistance levels. Meanwhile, the price of Zcoin is in the oversold region of the daily stochastic but below the 60% range. This indicates that price is in the bearish momentum and a sell signal.

XZC/USD Short-term Trend: Bearish

On the 1-hour chart, the XZC price was in a bearish trend. On June 1 and 2, the bulls tested the $8 overhead resistance level and were resisted. On June 1 the downward correction was to the support of the EMAs.

On June 2, the downward correction was to the support of $6.6 price level. The bears broke below the EMAs to reach the $6.60 price level. Meanwhile, the price of Zcoin is in the overbought region of the daily stochastic but above the 60% range. This indicates that price is in the bullish momentum and a buy signal.

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