Cryptocurrency Zcash ZEC/USD is trading at level 201. Quotes of the cryptocurrency will continue to move within the downlink, which implies a bearish trend in Zcash and the continuation of the fall. It is worth waiting for an attempt to test the upper boundary of the channel and continue the decline.
Technical analysis & Zcash forecast on July 13, 2017
Near the level of 190, we expect to continue the decline in quotations ZEC/USD in the area below the level of 140. In favor of the fall of Zcash will come a tight test of the downward resistance line on the indicator of relative strength index (RSI). The cancellation of the variant of the fall of ZEC/USD will be the breakdown of area 195, which will indicate the continuation of growth above the level of 240.
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