- Zcash coin Chart at the monthly chart is trading near the primary support zone and is now falling below all vital moving averages.
- In the current situation, ZEC Bulls need to hold the support zone for the upcoming positive move. Meanwhile, the coin falls below the critical moving averages of 20, 50, 100, and 200-day lines.
- The pair of ZEC/BTC is trading at 0.003215 BTC with an intraday gain of +4.11%, and the ratio of ZEC/ETH is CMP at 0.04089 ETH with a 24-hour change +5.09%.
Zcash coin Chart is currently testing its primary support levels, and now bulls are trying to hold the crypto asset. Meanwhile, the coin is presently placed below its vital moving averages of 20, 50, 100, and 200-day lines. Volume over the monthly chart is lower and needs to grow strongly for the next lap of a bullish move. ZEC coin faces slight rejection from the short to medium term, moving an average of 100 to the 50-day line.
While the sustainability above its vital moving averages of 200 to 100-day line with supportive volume activity will boost more up move till $220 to $260. Support on the lower side is $140 and $116, whereas resistance on the higher side is $180 and $218.
Zcash coin chart is trading sideways under the narrow range and CMP near Lower End
Zcash coin chart at the weekly time frame is trading sideways under the narrow range and currently trying to hold the lower end of the range. Meanwhile, the technical parameters suggest sideways action with lower volume activity. Volume over the chart is lower and needs to improve enormously for sustainability above the support zone. ZEC price is trading at $149 with a significant intraday gain of +1.86%, and the volume to market cap ratio is 0.1746.
Relative Strength Index (BULLISH): Zcash coin chart RSI is heading towards the higher levels at the weekly chart. The coin is trading near the major support zone of the chart pattern and can project recovery in upcoming sessions, RSI at 38.
Moving Average Convergence Divergence (NEUTRAL): The daily chart projects a neutral trend at the 4-hour time frame. The buyer’s signal line (green) and the seller’s line (red), trying to overlap each other.
Support levels: $140 and $116
Resistance levels: $180 and $218.
DISCLAIMER
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.