country flagالعربية
0
0

Zcash "ZEC" Technical Analysis | 1 August 2019

2019-08-01 12:32 pm | Resource: Technical Analysis Section | No Views : 75

Zcash Zcash (ZEC) last Saturday failed to break through the resistance areas of 74.87 $ as a result of the pressure of the sellers, thus falling to break areas of 69.52 $.
The coded currency continued to fall during the week as sellers pressured it and with areas of $ 65.78 rebounded to retest areas of $ 69.52.
Zcash "ZEC" Technical Analysis | 1 August 2019
The digital currency of the pair is currently neutral at the 240-minute interval as the coded currency since last Sunday's trading so far is trading without a specific direction and below the initial resistance areas.

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

The ADX is currently neutral at 20 pips.
The simple moving average and the slow moving average are currently neutral because of the lack of trading through a specific direction.
Moment of Machd by default settings is currently neutral.

Outlook:

It is expected that, in the case of a digital currency breach of the area of $ 69.52, Zcash (ZEC) may target the level of 82.19 $.
On the other hand, in the case of a Zcash (ZEC) break area of $ 65.69, encrypted currency may target areas of $ 61.38.
Support: 69.52- 61.38- 55.00
Resistance: 74.87 - 84.19 - 88.50
Trend: Down

Other analysis

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.