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Zcash Technical Analysis | 29 November 2018

2018-11-29 09:59 am | Resource: Technical Analysis Section | No Views : 1045

Zcash Technical Analysis | 29 November 2018 Zcash (Zec) During last week's trading, it broke the support areas such as $ 110, $ 98.50 and 88.50, while failed to break the support area of ​​74.87 $ during last Sunday's trading due to weakness of the bear at the time .
The digital currency of the pair crossed the downtrend line during yesterday's trading on the interval of 240 minutes, after the bounce from the areas of 61.80 $ and we do not recommend buying until the breach is confirmed.

The simple moving average and the slow moving average are pointing upwards.
The indicator of the momentum of the MACD with the default settings is ascending.

Outlook:

It is expected that, in the case of a breach of the digital currency area $ 84.62 may target the level of $ 98.50.
On the other hand, in the case of a currency break encrypted area $ 74.87 may target areas of $ 88.50.
Support: 110.00- 61.37-50.00
Resistance: 88.50 - 98.5 - 110.00
Trend: neutral

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