Zcash Market Report: ZEC/USDT Down -58.59% on the Week

Brief:


Zcash is down -14.67% on the day, down -58.59% on the week and down -98.94% all time on a last price of $95.32. ZEC/USDT is trading between a 24hr high of $118.99 and a 24hr low of $94.17 on a 24hr volume of 50568 USDT or 485 ZEC. The weekly trend is mixed.

Last price

95.32 ZEC/USDT

$USD

last price $ 95.32
one week ago $ 230.17
percentage -58.59%

Volume

Volume

The 24 hour volume on Poloniex is 50568.64849157 USDT or 485.12440729 ZEC.

Remarks

The all time chart is shown below:

chart-zec-usdt-alltime-2016-11-16

ZEC has seen significant volatility in price and volume since its launch. While the first week saw the last sustained rally in which price soared to $1453, the market has been mostly on a downtrend since with a last price of $95.32 ZEC/USDT. The Featured Chart illustrates the price and volume movements over the last week in two hour candlesticks.

Notwithstanding the staggering and sustained price decline it could be that the price is near the bottom for this digital asset. This week the Featured Chart shows more than one attempt at a rally with demonstrable upwards pressure on the price. November 15 actually shows a slim green candle for the daily price change – which is the first time this has appeared. It is a small ray of hope for a turnaround in price.

The weekly trend is mixed, not down, therefore the market sentiment indicator has been changed – with some reluctance – from bearish to neutral.

Subsequent to the November 15 reversal attempts, the highest trading volume of 124 ZEC in a November 16 2016 two hour session moved the price lower. Overall the market history suggests that while we are near a bottom support level, there could and appears to be more red coming.

Price change

Price change is the percentage change within the period:

period change
day -14.67%
week -58.59%
all time -98.94%

Featured Chart

Tap or click chart to enlarge:

chart-zec-usdt-1week-2hours-2016-11-16

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Zcash market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 4,082,842 42833 $ 95.32

Daily High Low

daily high 118.99
daily low 94.17

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 94.17
week 94.17
biweekly 94.17

Resistance

Resistance is the highest price within the period:

period resistance
day 118.99
week 249.99
biweekly 1083.56

Margin trading

no

The data source Poloniex does NOT offer margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 24.82000000
week -134.85000000
all time -8,904.68000000

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Zcash is down -14.67% on the day, down -58.59% on the week and down -98.94% on the month. The weekly trend is mixed. ZEC/USDT saw weekly support at $94.17 and weekly resistance at $249.99. Market sentiment is neutral.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Thursday November 17 2016 04:03 hours UTC. Contact KittyBitcoin to request custom reports.

Thanks for reading! 🙂

Tags

Zcash, ZEC/USDT, Poloniex, Brief, Last price, Volume, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags