Analysis for 2020-06-23
Zcash (ZEC) The test of the resistance line on the relative strength index (RSI) will be in favor of the fall of the cryptocurrency. As well as a rebound from the upper boundary of the descending channel. Cancellation of the option to reduce cryptocurrency will be a strong growth and a breakdown of the 0.3500 area. This will indicate a breakdown of the upper boundary of the channel and continued growth of XRP/USD to the area above the level of 0.3700. A confirmation of the fall in the digital currency will be a breakdown of the support area and closing below 0.2705. In this case, we should expect acceleration of the development of the bearish trend in Ripple.