ZCASH Price Prediction: Long-term (ZEC) Value Forecast – June 2

Zcash-Fixes-And-Discloses-Vulnerabilities-That-Would-Allow-For-Infinite-ZEC-Counterfeiting
  • The journey to the north may be sustained with strong bullish pressure.
  • $100.00 in the supply is the bulls first target in the long-term.

ZEC/USD Long-term Trend: Bullish

Supply zone: $120.00, $140.00, $160. 00
Demand zone: $50.00, $40.00, $30.00

The long-term outlook of ZCASH is uptrend. The bullish spinning top on 23rd May formed after bearish exhaustion at $67.74 in the demand area signaled the bulls returned. The cryptocurrency was up at $89.23 in the supply area with a large engulfing candle on 23rd May.


The week ended on a bullish note after price rose to $97.95 in the supply area due to increased bullish momentum. The cryptocurrency was at this supply area on 29th November 2018, almost six months ago.

Price is above the two EMAs and the stochastic oscillator is up at 62%. These suggest strong bullish momentum to the upside.

A breakout at $100.00 in the supply area and a subsequent retest may occur in the long-term

The views and opinion as expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

Read Original/a>
Author: Azeez M

Related Articles