CryptoGold2025
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Bullish
ZECUSDT is looking for a rising bottom - Analysis - 12-30-2024
The price of ZECUSDT fell during its recent trading at the moment levels, with negative pressure due to the occurrence of negative signals in the relative strength indicators, after it had previously reached areas of severe saturation with buying operations, so that the price is trying to search for a rising bottom from which it can take a base that may help it gain the necessary positive momentum to regain its recovery, in light of the dominance of the main upward trend in the medium term and its trading along a minor trend line in the short term, with the continuation of positive pressure due to its trading above its simple moving average for the previous 50-day period.
Therefore, our expectations indicate the likelihood of a scenario of a return to the rise of the currency price during its upcoming trading, as long as the support level of $50.00 remains stable, targeting the pivotal resistance level of $79.33.
The expected direction for the upcoming trading: It is likely to rise $ZEC
The price of ZECUSDT fell during its recent trading at the moment levels, with negative pressure due to the occurrence of negative signals in the relative strength indicators, after it had previously reached areas of severe saturation with buying operations, so that the price is trying to search for a rising bottom from which it can take a base that may help it gain the necessary positive momentum to regain its recovery, in light of the dominance of the main upward trend in the medium term and its trading along a minor trend line in the short term, with the continuation of positive pressure due to its trading above its simple moving average for the previous 50-day period.
Therefore, our expectations indicate the likelihood of a scenario of a return to the rise of the currency price during its upcoming trading, as long as the support level of $50.00 remains stable, targeting the pivotal resistance level of $79.33.
The expected direction for the upcoming trading: It is likely to rise $ZEC
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