ZCASH ZEC/USD is trading at the level of 260.30. Quotes of the currency are traded below the moving average with a period of 55, indicating a bearish trend for ZCASH. At the moment, quotes are testing the lower limit of the indicator. The Bollinger Bands indicator is expected to test at the level of 300, from which we again expect an attempt to continue the fall and further develop the bearish trend in the ZCASH cryptocurrency to fall near the 200 level.
ZCASH forecast & analysis ZEC/USD on July 2, 2017
The conservative ZCASH sales area is located near the upper boundary of the Bollinger Bands indicator strip at 340. Canceling the option of continuing the fall of the ZEC/USD cryptocurrency will be a breakdown of the moving average region with a level of 55, as well as the upper boundary of the Bollinger Bands indicator bars and the closing of the ZCASH quotations above the 360 area, A change in the trend in favor of bullish on ZEC/USD. In the event of a breakdown of the lower boundary of the Bollinger Bands indicator bars, it is expected to accelerate the fall of the cryptocurrency into the area below the level of 205.
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