Zcash $ZEC Price Outlook: Bullish
|$ZEC Price Change|
The Zcash weekly trend is mixed. $ZEC began the weekly trend with four red candles. The last three days have all been green.
$ZEC saw two strong days of upwards movement in late November on the 26th and 28th. This produced the highest price of the quarter .022200 BTC.
[Trend is "mixed" when the weekly price movement contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.]
Real Time Market Depth
[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]
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Moving Average Convergence Divergence (MACD)
The MACD on the one hour chart is bullish.
Exponential Moving Averages (EMA)
The one, two, four, six and twelve hour MACD is bullish.
The $ZEC short term EMA (7) soared above both the medium (25) and long term (99) EMA on December 15 2018. Since then it has fallen in three minor dips but not below the medium term EMA. In the last three hours Zcash has taken on a steep ascent angle. These are bullish states.
The last two hourly candles are green and large.
Relative Strength Index (RSI)
The Relative Strength Index on the chart is 63.4. This is a neutral state.
Bitcoin Price Modifier
The 24 hour Bitcoin change is 6.82%. This may exert a bullish influence on Zcash today.
Zcash $ZEC Price Outlook
- the Zcash $ZEC price outlook is bullish
- if the price finds acceptance at higher levels the immediate resistance prints at .016191
- if the price finds acceptance at lower levels the immediate support prints at .015500
The author does not hold Zcash $ZEC at the time of writing.
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