Zcash ZEC/USD is trading at 242. Cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Zcash. ZEC/USD is expected to fall in the signal line area at 220, from which it is expected to attempt an increase and further development of the bullish trend with the target of growth near the level of 275.
Zcash prediction & analysis ZEC/USD on August 11, 2017
An additional signal in favor of the growth of quotations will be the test of the support area. Earlier, a weak signal was obtained for buying of Zcash cryptocurrency due to the crossing of signal lines at level 177. The abolition of the variant of Zcash quotations growth will be a breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes below area 200, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with the breakdown of the local maximum area at the level of 260.40.
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