CryptoComes

ZEC/USD Is Day's Loser. What's Next???

BITFINEX:ZECUSD   Zcash / U.S. Dollar
The currency pair follows the others allies as it is in the downtrend now below the red midterm descending trend line . Zcash loses over ten 10 percent in the past 24 hours meaning this is the biggest loser of Thursday. Midterm moods remain bearish .
Alternative text: ZEC/USD Hourly Fibo
The currency pair is neutral in the short term as it stays between two areas - $274.81 (support) and $294.58 (resistance). Zcash has tested the support area on Wednesday and sellers were unable to develop a downside tendency. The price is lose to the $294.58 resistance area in the moment of writing. What are the possible scenarios for ZEC/USD?
1. Bullish correction scenario. The currency pair will test the resistance area at $294.58 and if successful, bulls will be able to drive ZEC/USD even higher targeting the red descending trend line on the Hourly chart. The correction will be deeper in this case.
2. Bearish scenario. Zcash will jump off the resistance area at $294.58 targeting the closest support area at $274.81 to test. If successful, seller will be able to break this horizontal channel and to push ZEC/USD even lover.
3. Neutral scenario. The currency pair will stay within this horizontal channel.
Check the full crypto analysis HERE.
All trading ideas every day on CryptoComes: https://u.today/pricewise

Everything about blockchain and crypto, Live 24/7 on CryptoComes: https://u.today/pricewise

Follow me and trade smarter with our insides!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out