- Trading operations between ZRX and the US dollar still feature around the same last range zones.
- The ZRX/USD market may have to face a correction if it tries to swing northward further around the upper range mark at $0.40.
ZRX/USD Long-term Trend – Ranging
- Distribution territories: $0.45, $0.50, $0.55
- Accumulation territories: $0.25, $0.20, $0.15
The market of ZRX/USD had made a record of higher lows between June 16 and 20. And between June 21 and until the present, the crypto valuation has continued to move in a range showing short ups around $0.35 price territory.
On June 22, the pair like in many other crypto-economies, dropped southwards to test its lower range market at $0.35 mark. As at now, the market is fluctuating above the SMA indicators. The Stochastic Oscillators have slightly crossed to point to the north.
he ZRX/USD market hasn’t gained a clear indication to suggest a definite price direction for this crypto-trade. By that sentiment, this week’s sessions have the probability to witness a continuation of choppy market movements around the same last range zones characterized by $0.40, $0.35, and $0.30 price lines. The upper range spot of the market seems to be the point that a correction will be made while a sudden spike occurs or the market trades around it in the long run.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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