Zcash ZEC/USD is trading at 206.72. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to trade above its upper limit, which indicates the presence of an bullish trend in Zcash. The price of ZEC/USD is expected to drop to the level of 195.00, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 240.00.
Zcash forecast & analysis ZEC/USD on August 7, 2017
Earlier, we received a weak signal for buying of Zcash cryptocurrency, due to the crossing of signal lines at the level of 176.94. An additional signal in favor of the bullish trend will be a test of the support area. Cancellation of the variant of growth of quotations Zcash will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 170.00, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations for ZEC/USD is with the breakdown of the local maximum area at 233.00.
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