Zcash ZEC/USD is trading at the level of 205.80. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud near the 212.00 level is expected to test the lower boundary, from which one should expect an attempt to fall and further develop the bearish trend with a target to lower near the level of 182.00.
Zcash forecast & analysis ZEC/USD on August 21, 2017
Earlier, a weak signal was received for purchases of the Zcash cryptocurrency, due to the crossing of the signal lines at the level of 210.00. Cancellation of the variant of the fall of quotations Zcash will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 229.00, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations on ZEC/USD is with the breakdown of the local minimum area at 187.00.
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