Zcash ZEC/USD is trading at the level of 183.85. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. The price of Zcash is expected to drop to 177.00, then the lower limit of Ichimoku Kinko Hyo Cloud will be near the level of 184.00, from which one should expect an attempt to fall and further develop the bearish trend with a view to lower near 132.00.
Zcash forecast & analysis ZEC/USD on July 28, 2017
Earlier, we received a weak signal for sales of Zcash cryptocurrency, due to the crossing of signal lines at the level of 211.40. 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 in quotations for ZEC/USD is with the breakdown of the local minimum area at 141.00.
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