Zcash ZEC/USD is trading at the level of 169.60. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. The price of ZEC/USD is expected to rise to the level of 178.00, from which one should expect an attempt to fall and further develop the bearish tendency with the target of reducing near the level of 134.00.
Zcash forecast & analysis ZEC/USD on August 1, 2017
Earlier, a strong signal was received for sales of Zcash cryptocurrency, due to the intersection of signal lines at 177.81. Cancellation of the variant of the drop in Zcash quotations will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 210.00, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations on ZEC/USD is with the breakdown of the local minimum area at 142.00.
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2 Comments
Which period for the base and conversion lanes do you use?
Hello, standard parameters 9,26,52.