Technical analysis & Zcash forecast on July 18, 2017


Zcash ZEC/USD is trading at the level of 171. Quotes of the cryptocurrency continue to move within the bearish channel, which implies a bearish trend for Zcash and the continuation of the fall. It is worth waiting for an attempt to test the upper boundary of the channel at 175 and continue the decline.

Technical analysis & Zcash forecast on July 18, 2017

Technical analysis & Zcash forecast on July 18, 2017

In favor of the fall of Zcash is a tight test of the bearish trend line of resistance on the indicator of relative strength index (RSI). Cancellation of the fall option will be a breakdown of the area 185, indicating that the growth continues above the level of 230. With the breakdown of level 142, we expect an acceleration in the fall of quotations ZEC/USD.


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