ZEC new trend channel

BITFINEX:ZECUSD   Zach / U.S. Dollar
185 0
Comparing the actual prices and those of the past I considered to draw a new trend channel which can give an idea for the movements in the past several days.
The price of ZEC moved within the limits 563$ - 417$.
In january 06 the price broke up and normally the trend is broken with such a movement. But with the crash in cryptos the price fell and stabilized in the "old" trend channel.

ZEC and BTC are correlated but interestingly BTC is more volatile than ZEC (overview since november 2017).

ZEC should find support at 404$ (fib retracement 1). If it breaks through this support the next support is to be expected at 370$ and after this support it´ll be 280$.

If support holds, then the course of ZEC can rise to the upper limit of trend channel (554$ / fib retracement 61.8%).

negative - but not oversold ( RSI )
MACD and ADX in negative terrain and falling

Before investing in ZEC I recommend to wait and see if the support holds or not.

Trade ist aktiv: ZEC still in trading channel. Has tested two times lower limit!
Momentum isn´t strong enough to restart a rise to the fib retracement.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden