Cryptocurrency ZCASH ZEC/USD is trading at the level of 264.80. 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 lower limit of the indicator. A moving average test is expected at the level of 290, from which we again expect an attempt to continue the fall and further develop the bearish trend in the ZCASH cryptocurrency to fall near the level of 225.
ZCASH forecast & analysis ZEC/USD on July 8, 2017
The conservative ZCASH sales area is located near the upper boundary of the Bollinger Bands indicator strip at level 297. 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 quotes above area 305, 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 level 225. An additional signal will be a breakdown of the support area.
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