ZCASH ZEC/USD is trading at the level of 185. Currencies are traded below the moving average with a period of 55, which indicates a bearish trend for ZCASH. At the moment, quotes are testing the lower boundary of the bands of the Bollinger Bands indicator. A moving average test is expected at 205, where again one should expect an attempt to continue the fall and further develop the bearish trend in the ZCASH cryptocurrency to fall near the level of 135.
ZCASH forecast & analysis ZEC/USD on July 27, 2017
The conservative ZCASH sales area is located near the upper boundary of the Bollinger Bands indicator strip at 220. Canceling the continuation option 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 area 230, indicating a trend change In favor of the 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 135.
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