Blog_2Blog_2Blog_2Blog_2
  • MARKET BUZZ
    • Daily Crypto News
    • Weekly Wrap Up
  • TOPICS
    • Crypto Basics
    • Defi
    • Metaverse
    • NFT
    • Blockchain
  • CRYPTO VERSE
    • Investing
    • Cryptocurrency
    • Price Predictions
    • Crypto Technical Analysis
    • Crypto Ama
    • Investment Research
  • PRODUCT
    • Tutorials
    • Product Features
    • Security Compliance
  • COINDCX
    • Announcement
    • Community
    • Crypto Competition
    • Listings
    • Opinion
    • Stories
Visit CoinDCX
✕
            No results See all results

            Zcash (ZEC) Technical Analysis: ZEC Could Slide Below INR 10,000 Soon!

            April 25, 2022

            Table of Contents

            • Key Takeaways
            • Zcash (ZEC) Technical – Analysis for the Month
            • Zcash (ZEC) Technical Analysis at a Glance
            • Technical Indicators & Pivot Levels
            • ZEC/INR Technical-Analysis for Short-Term
            • ZEC/INR Technical Analysis for Long-Term
            • Where & How to Buy Zcash(ZEC)

            Key Takeaways

            • The ZEC price closed the previous day’s trade at INR 12,300.80 with a market capitalization of INR 229 Cr and a circulating supply of 1,42,44,337.50 ZEC
            • The asset continues with a deep bearish trend ay slides by another 20% to test INR 9000 very soon

            Zcash (ZEC) Technical – Analysis for the Month

            The asset continued the previous month’s descending trend and smashed the rock-bottom levels below INR 10,000. However, with a rebound, the price rose above INR 12,800 but faced an acute rejection here. Currently, the price is utilizing all its resources to sustain above INR 11,000. 

            The end of the monthly trade is around the corner and hence no sudden change in the price trend may be expected. However, the price may maintain the INR 10,000 support levels and eventually aim at a rebound.

            Zcash (ZEC) Technical Analysis at a Glance

            The start of March trade, until the last few days of the month, was pretty bullish. But at the start of the current month’s trade, the asset fell into a deep bearish well. No doubt the price is attempting to flip the bearish trend, but eventually fails each time. Therefore, in the upcoming days, the ZEC price may eventually flip but only with a significant influx of volume.

            Short-Term ZEC price may continue to plunge until the market sentiments change a little
            Mid-Term After a slight pause from the descending trend, the asset may ignite a fresh plunge very soon
            Long-Term The Zcash price is trying hard to flip the bearish trend, but eventually may fail to do so

            Technical Indicators & Pivot Levels

            Technical Indicators

            Technical Indicators Value(1Hr / 1D) Action (1Hr / 1D)
            Relative Strength Index(RSI) 34.04 / 46.90 Sell / Neutral
            MACD(12,26) -155.36 / -63.23 Sell / Sell
            Average Directional Index(ADX) 41.43 / 27.67 Sell / Buy
            Bull-Bear Power -793.04 / 169.20 Sell / Buy

            Pivot Levels

            Pivot Levels Short-Term Long-term
            Moving Average(MA)-50 INR 12,741.19 INR 12,947.39
            Moving Average(MA)-200 INR 12,499.79 INR 12070.20
            Resistance INR 12,225 INR 13,011
            Support INR 10,798 INR 9690

            Oscillators

            Oscillators Short-Term Long-Term
            Stochastic Oscillator 75.08 57.05
            Ultimate Oscillator 20.85 31.15
            Average True Range(ATR) 192.46 1139.09
            CCI -152.3406 21.93

            Additional Read: Top NFT News Today

            Considering the RSI and MACD, the asset appears to be within a huge bearish trap in both the time frames. However, the asset is less volatile which may enable the price to maintain a steady trend. And as the strength is also pretty weak no major flips or rebound may be in line for Zcash.

            ZEC/INR Technical-Analysis for Short-Term

            Source: Tradingview

            • The price since the beginning of the present monthly trade has maintained within a huge descending triangle
            • After a couple of rejections from the pivotal levels between INR 12441 to INR 12,581,  the price has maintained a significant descending trend
            • The drop is expected to get accelerated with the price primed to hit the lower support at INR 10,033 but the probabilities of the price flipping before these levels are also high
            • However, after a couple of ups and downs within the triangle, the price could break through the pattern to reach the immediate resistance close to INR 13,000.

            ZEC/INR Technical Analysis for Long-Term

            Source: Tradingview

            • The ZEC price in the long-term is also pretty bearish as the price is fast approaching the lower support
            • The asset is about to complete the second shoulder of the ‘Head n Shoulder’ pattern and preparing for another deep dive towards the lower levels
            • If in case the price holds strong at the support levels at around INR 10,300, then one can expect a significant flip
            • On the contrary, a depleting trend may drag the price much lower, below INR 8000 or below

            Where & How to Buy Zcash(ZEC)

            Buying and selling your favorite crypto is pretty simple and safe on CoinDCX. Just download the CoinDCX App on your smartphone and enter the required details. Once your details are verified, fund your wallet and buy Zcash(ZEC). 

            Investing in any cryptocurrency has become pretty easy with our Crypto Investment Plan (CIP). Here you can invest in your desired crypto in simple weekly installments. Therefore, start investing in Bitcoin & other cryptos with Crypto Investment Plan now!


            Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
            The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


             

            Share
            0
            CoinDCX
            CoinDCX

            Related posts

            February 23, 2023

            How to find Support and Resistance Zones in Crypto | Crypto Trading 101


            Read more
            NEAR Technical Analysis
            January 11, 2023

            Near Protocol Price Prediction: Could Near Protocol hit $10 in 2023?


            Read more
            November 22, 2022

            Bitcoin Technical Analysis: Is BTC Price Heading to Form New Lows Below $14K?


            Read more

            Recent Posts

            • What is Gains Network Token? How To Buy GNS Token In India?0
              What is Gains Network Token? How To Buy GNS Token In India?
              March 27, 2023
            • 0
              Will Dogecoin Price surpass beyond $0.1 in 2023?
              March 27, 2023
            • 0
              BTC Price at $28000 despite the Bitcoin Liquidity dropping to a 10-month low
              March 27, 2023
            • 0
              Crypto Market turns bullish as the US Bank turmoil intensifies, Surge in Bitcoin & Ethereum Prices
              March 24, 2023
            • 0
              Badger DAO Price Prediction 2023: Will BADGER Price Hit $10 in 2023?
              March 24, 2023

            Categories


            • BTC to INR


            • ETH to INR


            • USDT to INR


            • USDC to INR


            • BNB to INR


            • BUSD to INR


            • XRP to INR


            • ADA to INR


            • SOL to INR


            • DOGE to INR


            • SHIB to INR


            • MATIC to INR


            • TRX to INR

            Invest in Bitcoin, Ethereum, & other 200+ crypto assets.
            Download the app now, register & start with as low as Rs.100
            ios download link
            android download link
            qr code for download

            COMPANY

            Security
            Blog
            About
            Careers
            Referral Program

            PRODUCT

            Margin
            Trade
            Futures
            Insta
            Convert
            Lend
            Markets
            API Documentation

            SUPPORT

            Contact Support
            Frequently Asked Questions (FAQ)
            Contact Us

            • Customer Support: [email protected]
            • Team: [email protected]
            • Press: [email protected]

            SOCIAL LINKS

            Icon of FacebookFacebook
            Icon of FacebookTwitter
            Icon of InstagramInstagram
            Icon of TelegramTelegram
            Icon of LinkedInLinkedIn
            Icon of RedditReddit

            Logo of CoinDcx Download our Android/iOS App: CoinDCX Ⓒ All rights reserved by Primestack Pte. Ltd.

            DISCLAIMER

            The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations. Note Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

              Visit CoinDCX
                        No results See all results
                          Go to mobile version