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Crypto Technicals: ZCash hits new monthly highs at 95.71, further gains on charts

ZEC/USD chart - Trading View 

Exchange - Kraken

Support: 86.21 (5-DMA); Resistance: 100.75 (trendline)

Technical Analysis: Bias Bullish

ZCash has hit new highs for the month at 95.71 before paring some gains to currently trade at 91.78.

Technical indicators suggest further upside for the pair. Scope for test of trendline resistance at 100.75.

Stochs and RSI are biased higher. Price action is above cloud and major moving averages.

The pair has retraced above 2H 200 SMA and retrace has held support at 50-DMA.

Further, 'Golden Cross' formation (Bullish 50-DMA crossover on 200-DMA) on the daily charts, supports bullish bias. 

ZEC/USD eyes immediate resistance 100.75 (trendline). Break above will see test of 61.8% Fib at 106.13.

On the flipside, break below 21-EMA will see dip till 50-DMA (72.41). Bullish invalidation only below 200-DMA

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 764658764658m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764658764658m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776478776478m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764658764658m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776478776478m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764658764658m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764658764658m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764658764658m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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