Cryptocurrency ZCASH ZEC/USD is trading at level 147. Quotes of the currency are traded below the moving average with a period of 55, indicating a bearish trend for ZCASH. At the moment, quotes are testing the average border of the Bollinger Bands indicator bars. A moving average test is expected at 160, where again one should expect an attempt to continue the fall and further develop the bearish trend for the ZCASH cryptocurrency to fall near the level of 120.
ZCASH forecast & analysis ZEC/USD on July 17, 2017
The conservative ZCASH sales area is located near the upper boundary of the Bollinger Bands indicator strip at level 165. Canceling the continuation option the fall of the ZEC/USD cryptocurrency will be a breakdown of the moving average region with a level of 55, as well as the upper boundary of the Bollinger Bands indicator bars and the closing of the ZCASH quotations above the 170 area, indicating a trend change in favor of the bullish on ZEC/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bars, it is expected to accelerate the fall of the cryptocurrency into the area below the level of 120.
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