• ZEC/USD market still trades around the same range zones that it has been maintained overly.
  • The pair seems getting set to experience the same trade scenario that took place between February 18 and 24 while the market got a slight drop.

ZEC/USD Long-term Trend – Ranging

  • Distribution territories: $65, $70, $75
  • Accumulation territories: $45, $40, $35

The market worth of ZEC/USD still moves around the same range zones that it has been maintained overly. The US dollar appears not having the strength to press down the crypto’s trend southwards past its current range spot.

The market has touched $55 market point, and now, it has continued to hover around it. The two trading SMA indicators are yet conjoined together tightly at $50 mark. The Stochastic Oscillators have now penetrated into the overbought zone, and they seemingly point north-east. That could mean a signal against the expectation of seeing more probable trade uprising.

The trade now looks like getting set to create another market pace that could eventually give birth to what was obtained between February 18 and 24 while the market got a slight drop. However, the crypto-trade is as well found in more response to its current market choppy movements than been going either bearish or bullish in the near trading sessions.

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

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