ZCASH ZEC/USD is trading at the level of 179. Currencies quotations are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for ZCASH. At the moment, quotes are testing the lower boundary of the bands of the Bollinger Bands indicator. The test is expected to test the middle border of the indicator bands at 225, 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 110.
ZCASH forecast & analysis ZEC/USD on July 12, 2017
The conservative ZCASH sales area is located near the upper boundary of the Bollinger Bands indicator strip at 265. Cancel 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 quotes above the area of 285, indicating a change in the bullish trend on ZEC/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bars, it is expected to accelerate the fall of the crypto currency into the area below the level of 110.
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