ZECUSD ends the day indecisive
ZCash/US Dollar Index (ZECUSD) Technical Analysis Report for Sep 15, 2018 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, ZECUSD ended Saturday at 120.29 gaining $1.21 (1.02%). Today's closing price of 120.29 marks the highest close since September 8th. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (ZECUSD as at Sep 15, 2018):
Saturday's trading range was $11.62 (9.79%), that's slightly above last trading month's daily average range of $11.18. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.
Breaking through the key resistance level at 119.78 today, it is now likely to act as support going forward.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
With six out of the seven Major Cryptocurrencies closing higher today, the ones that stand out on the positive side are ETHUSD gaining 6.08% and ETCUSD closing 3.28% higher. On the flipside the worst performer has been LTCUSD closing -0.21% lower. Looking at the other Minor Cryptocurrencies, the winners of the day have been ETHCNY surging 11.52% and KCSBTC closing 6.75% higher. The worst performers of the day have been ETHGBP tanking -8.43% and NANOBTC closing -5.24% lower. Read more