ZCASH ZEC/USD is trading at the level of 238.40. 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 of the pair test the average border of the bands of the indicator Bollinger Bands. A test of the moving average is expected at level 265, where again we should expect an attempt to continue the fall and further develop the bearish trend in the ZCASH cryptocurrency to fall near the level of 175.
ZCASH forecast & analysis ZEC/USD on July 11, 2017
The conservative ZCASH sales area is located near the lower border of the Bollinger Bands indicator strip at 270. Canceling the option the continuation of 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 quotes above the area of 285, which indicates a change in the trend in favor of bullish 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 175.
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