Connect with us

Bitcoin News

Zcoin Price Prediction Today: Daily (XZC) Value Forecast – June 6

Published

on

zcoin

zcoin

  • On May 16, the price of Zcoin reached the $8.40 overhead resistance level.
  • The price of Zcoin is currently trading between the levels of $6.40 and $6.80 in a tight range.

XZC/USD Medium-term Trend: Ranging

  • Resistance Levels: $8.0, $9.0 ¸ $10.0
  • Support levels: $6.0, $5.0, $4.0

Yesterday, June 5, the price of Zcoin was in a sideways trend. On May 16, the price of Zcoin reached the $8.40 overhead resistance level. On May 17, the bulls were resisted and the market fell to a downward correction at a low of $6.92 price level. The bulls made an upward move above the 12-day EMA and the 26-day to reach the bullish trend zone. The bulls were resisted again at a high of $7.80 price level.

This resistance compelled price to fall below the EMAs. This has been the scenario in the month of May. On June 2, the bulls were retested at the $7.80 price level, and the market fell to its low at $6.40 price level. Meanwhile, the price of Zcoin is in the overbought region of the daily stochastic but below the 60% range. This indicates that price is in the bearish momentum and a buy signal.

XZC/USD Short-term Trend: Ranging

On the 1-hour chart, the XZC price was in a sideways trend. The price of Zcoin is currently trading between the levels of $6.40 and $6.80 in a tight range. The 12-day EMA and the 26-day EMA are sloping horizontally.

The crypto’s price is in choppy price action as the key level are not easily discernible. Meanwhile, the price of Zcoin is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in the bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading
Advertisement
Advertisement

Recent Posts

Copyright © 2019 The Crypto Report