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Weekly forecast Zcash technical chart

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 22, 2023 - 22:39
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 33.00, beginning of uptrend is expected.
  • We make sure when the resistance at 49.20 breaks.
  • If the support at 33.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 41.2 on 01/18/2023, so more gains maximum to Major Resistance (49.2) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 60.

Symbol Released Current Forecast
Zcash (ZECUSD) new Sat, 13 Apr 2024
Zcash (ZECUSD) Sat, 6 Apr 2024
Zcash (ZECUSD) Sun, 31 Mar 2024
Zcash (ZECUSD) Sat, 23 Mar 2024
Zcash (ZECUSD) free Sun, 17 Mar 2024