Zcash (ZEC) holds the 59th position on CoinGecko right now. ZEC price prediction 2022 is explained below with a weekly time frame.
The above chart of Zcash (ZEC) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.
This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Zcash (ZEC) is in the range of $80.00. If the pattern continues, the price of ZEC might reach the resistance levels of $132.70 If the trend reverses, then the price of ZEC may fall to $52.20
Zcash (ZEC) Support and Resistance Levels
The chart below shows the support and resistance levels of Zcash (ZEC) .
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Zcash (ZEC).
Resistance Level 1 $96
Resistance Level 2 $134.1
Resistance Level 3 $172
Support Level 1 $71.5
Support Level 2 $50.2
ZEC Resistance and Support Level
The charts show that ZEC has performed a bullish trend over the past month. If this trend continues, ZEC might run along with the bulls overtaking its resistance level at $123.7.
Accordingly, if the investors turn against the crypto, the price of the ZEC might plummet to almost $50.2, a bearish signal.
Happy Trading !!!!
The above chart of Zcash (ZEC) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.
This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Zcash (ZEC) is in the range of $80.00. If the pattern continues, the price of ZEC might reach the resistance levels of $132.70 If the trend reverses, then the price of ZEC may fall to $52.20
Zcash (ZEC) Support and Resistance Levels
The chart below shows the support and resistance levels of Zcash (ZEC) .
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Zcash (ZEC).
Resistance Level 1 $96
Resistance Level 2 $134.1
Resistance Level 3 $172
Support Level 1 $71.5
Support Level 2 $50.2
ZEC Resistance and Support Level
The charts show that ZEC has performed a bullish trend over the past month. If this trend continues, ZEC might run along with the bulls overtaking its resistance level at $123.7.
Accordingly, if the investors turn against the crypto, the price of the ZEC might plummet to almost $50.2, a bearish signal.
Happy Trading !!!!
