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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.

DateMay 28, 2023 - 10:12
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 29.70, beginning of uptrend is expected.
  • We make sure when the resistance at 43.30 breaks.
  • If the support at 29.70 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 30.0 on 05/25/2023, so more gains to resistance(s) 34.6, 39.3 and maximum to Major Resistance (43.3) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Symbol Released Current Forecast
Zcash (ZECUSD) Tue, 11 Jun 2024
Zcash (ZECUSD) Sat, 1 Jun 2024
Zcash (ZECUSD) free Sun, 26 May 2024
Zcash (ZECUSD) Mon, 20 May 2024
Zcash (ZECUSD) Sun, 12 May 2024