Zcash ZEC/USD is trading at the level of 230.98. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an bullish trend in Zcash. The price of ZEC/USD is expected to drop to 222.00, 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 270.00.
Zcash prediction & analysis ZEC/USD on August 12, 2017
Earlier, a weak signal was received 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 205.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations for ZEC/USD is with the breakdown of the local maximum area at 262.00.
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