Zcash’s currency price (ZECUSDT) fell in the intraday levels after reaching overbought levels, while seeking a bottom to bounce it higher, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure from trading above the 50-day SMA.
Therefore we expect the price to return higher, targeting the pivotal resistance of $79.33, provided the support of $50.00 holds on.
Trend forecast for today: Likely Bullish
Flow/USD price (FLOWUSDT) rose in the intraday levels, buoyed by positive signals from the RSI, and amid the dominance of the correctional downward short-term trend, with negative pressure due to trading below the 50-day SMA, as the price tries to recoup some recent losses.
Therefore we expect the price to return lower, targeting the important support of $0.630, provided the resistance of $0.811 holds on.
Trend forecast for today: Likely Bearish
Cardano/USD price (ADAUSD) edged lower in the intraday levels, amid the dominance of the downward correctional wave in the short term, with negative pressure due to trading below the 50-day SMA, amid negative signals from the RSI despite settling at oversold levels.
Therefore we expect the price to decline and target the pivotal support of $0.762, provided the resistance of $1.039 holds on.
Trend forecast for today: Bearish
EOS/USD price (EOSUSDT) edged higher in the intraday levels amid negative pressure due to trading below the 50-day SMA, and amid the dominance of the downward correctional wave in the short term, coupled with negative signals from the RSI despite settling at oversold levels, as the price tries to recoup some recent losses.
Therefore we expect the price to decline and target the support of $0.7030, provided it settles below the resistance of $0.8903.
Trend forecast for today: Bearish