Zcash $ZEC Price Outlook: Sideways

@KittyBitcoin logo
December 06 2018 04:17 UTC
Zcash has lost -5.66% in twenty-four hours. In this Thursday Edition find $ZEC price action, trend, technicals and more. Or jump right to the 24 Hour Zcash $ZEC Price Outlook.


Price Action

The price of $ZEC has fallen over twenty-four hours. The last price at press time is 0.017505 BTC. In Binance light to moderate volume trading the daily change is -5.66%, or -0.00105 BTC:
$ZEC Price Change
period % BTC
24 hours -5.66 -0.00105
7 days -14.59 -0.00299
1 month -8.09 -0.00154



trend is DOWN

The Zcash monthly trend is down. It’s been quite the roller coaster ride for Zcash when you look at the daily chart. On November 28 $ZEC posted a high of 0.0222 BTC (today this is valued at $82.27). Yesterday $ZEC printed a low of 0.017275 BTC (today valued at $64.02).

Looking at the broader picture we see the Zcash price -8.09% lower today than it was a month ago, and down -14.59% on the week.

[Trend is "down" when the monthly price movement is predominantly downwards.]


Tap / click to zoom:



It used to be that when an asset was launched on Coinbase the price saw tremendous interest. Not so today, here are the numbers right off Coinbase:

Select Market
65.13 USDC Last trade price
-9.02%24h price
7,155 ZEC24h volume



Moving Average Convergence Divergence (MACD)

The MACD on the four hour chart is bearish.

[MACD is a trend-following momentum indicator]

Exponential Moving Averages (EMA)

period average
7 day 0.017985 BTC
25 day 0.018530 BTC
99 day 0.018791 BTC

The short term EMA is below both the medium and long term EMA, and is pointing downwards. This is a bearish state.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

Relative Strength Index (RSI)

The Relative Strength Index on the one hour chart is 36.7. The one, two and four hour RSI are all in the neutral zone.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

Bitcoin Price Modifier

The 24 hour Bitcoin change is -3.00%. This may exert a bearish influence on Zcash today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

24 Hour Zcash $ZEC Price Outlook


  • the twenty-four hour Zcash $ZEC price outlook is sideways
  • if the price finds acceptance at higher levels the immediate resistance prints at 0.017749 BTC
  • if the price finds acceptance at lower levels the immediate support prints at 0.017275 BTC


Resistance levels: 0.017749 BTC 0.019603

Support levels: 0.017275 BTC 0.016570


Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its analysis period.



The author does not hold Zcash $ZEC at the time of writing.

About @KittyBitcoin

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