ZECUSD ends the day indecisive

ZCash/USD Index (ZECUSD) Technical Analysis Report for Sep 15, 2018

Highlights

ZECUSD pushes through key resistance level
ZECUSD closes higher for the 3rd day in a row
ZECUSD rises to highest close since September 8th
ZECUSD closes within previous day's range
ZECUSD ends the day indecisive

TQ Sentiment

Report Sentiment: 20% Bullish
Technical Forecast:

Overview

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 chart for ZECUSD

Volatility

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.

Support/Resistance

Breaking through the key resistance level at 119.78 today, it is now likely to act as support going forward.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for ZCash/USD Index

Loading Market Conditions for $ZECUSD (ZCash/USD Index)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when ZCash/USD Index traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Crypto Currencies

ADABTC 10 day candlestick chart for ADABTC 0.00001238 -0.00000056 (-4.33%)
ADAUSD 10 day candlestick chart for ADAUSD 0.0831 -0.0041 (-4.70%)
ARDRBTC 10 day candlestick chart for ARDRBTC 0.00001659 -0.00000096 (-5.47%)
BATBTC 10 day candlestick chart for BATBTC 0.00002628 -0.00000055 (-2.05%)
BATUSD 10 day candlestick chart for BATUSD 0.1778 -0.0027 (-1.50%)
BCHBTC 10 day candlestick chart for BCHBTC 0.0724 -0.0008 (-1.09%)
BCHUSD 10 day candlestick chart for BCHUSD 486.60 -10.22 (-2.06%)
BCNUSD 10 day candlestick chart for BCNUSD 0.002013 -0.000011 (-0.54%)
BTCCNY 10 day candlestick chart for BTCCNY 48,798.90 1,408.37 (2.97%)
BTCGBP 10 day candlestick chart for BTCGBP 5,180.08 5.92 (0.11%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!