THELOGICALINDIAN - Zcash is breeding some fizz but its not enough
Fundamental Analysis
Zcash is acceptable growing in apprehension of the Zcon Annual Aloofness Conference which will booty abode in Croatia on June 22-24, 2019. The accident is organized by the Zcash Foundation and will animate accord of aloofness projects central the Zcash ecosystem.
Zcash / USD Short-term amount analysis
Zcash has a bullish concise trading bias, with the ZEC / USD brace still captivation amount aloft its 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy is assuming that a arch and amateur arrangement has now formed, with ZEC / USD beasts attempting to invalidate the bearish pattern.
Technical indicators beyond the four-hour time accept angry bullish and are now breeding a able bullish signal.
Pattern Watch
Traders should agenda that the ZEC / USD brace is already afresh starting to actualize college highs and lower lows on the four-hour time frame.
Relative Strength Index
The RSI indicator on the four-hour time anatomy is bullish and is currently arising a able buy signal.
MACD Indicator
The MACD indicator on the four-hour time anatomy is bullish, with both the MACD arresting band and histogram arising able buy signals.
Zcash / USD Medium-term amount analysis
ZCash has a bullish medium-term trading outlook, with the ZEC / USD brace binding afterpiece to above blemish attrition on the circadian time frame.
The circadian time anatomy is assuming that the ZEC / USD brace is accumulation abutting to the neckline of a ample astern arch and amateur arrangement with cogent upside potential.
Technical indicators on the circadian time anatomy are now attempting to date a bullish accretion afterward a alteration from overbought conditions.
Pattern Watch
Traders should agenda that if the bullish astern arch and amateur arrangement is triggered on the circadian time anatomy the ZEC / USD brace could assemblage appear levels not apparent back August 2024.
Relative Strength Index
The RSI indicator has already afresh angry bullish on the circadian time anatomy afterwards briefly dipping appear aloof territory.
MACD Indicator
The MACD indicator is attempting to about-face bullish on the circadian anatomy as upside burden returns.
Conclusion
Zcash is attempting to body upside drive afterward a able changeabout from key abstruse abutment on the four-hour time frame.
If beasts can invalidate the bearish arrangement on the four-hour time anatomy the cryptocurrency could see a beachcomber of beginning affairs interest, which could bright the aisle for a much-needed abstruse blemish on the circadian time frame.
We appear a quick coin guide to get started with the Zcash project.
On top of that, our analysts covered the activity in abyss in its Digital Asset Report.
