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Zcash "ZEC" Technical Analysis | 19 July 2019

2019-07-19 08:27 am | Resource: Technical Analysis Section | No Views : 62

Zcash Zcash (ZEC) Over the course of last week, the trend line broke after breaking the support areas of $ 98.50 as a result of bear pressure on it.
The encoded currency completed the decline to break $ 88.50 zones and then broke the areas of $ 84.19 as a result of weak demand, and continued to fall as far as $ 64.83, which rebounded towards the levels of $ 80.85.
Zcash "ZEC" Technical Analysis | 19 July 2019
The digital currency ended our neutral view with a breach of $ 98.50 during the second week of this month and is currently trading in a downtrend forming over the 240-minute interval.

Analysis of technical indicators of the digital currency Zcash (ZEC):

The ADX indicator is not important at the moment.
The simple moving average and the slow moving SMA are currently neutral as a result of non-trading with a clear direction.
The index of the moment of the makd by the default settings is pointing upwards at the moment.


It is expected that, in the event of the digital currency breach of area of $ 80.85, Zcash (ZEC) may target the level of $ 98.50.
On the other hand, in the case of a digital currency break area of $ 64.83, Zcash (ZEC) may target areas of $ 61.38.
Support: 74.87 -69.52 -61.38
Resistance: 84.19 - 88.50 - 98.50
Trend: Down

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