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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.


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

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