Zcash ZEC/USD is trading at the level of 207.51. Cryptocurrency continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Zcash. The Ichimoku Kinko Hyo indicator area signal lines test are expected near the level 198, 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 235.
Zcash ZEC/USD prediction & analysis on August 6, 2017
An additional signal in favor of the growth of the cryptocurrency quotes will be the test of the support area. Earlier, we received a weak signal for buying of Zcash cryptocurrency, due to the crossing of signal lines at the level of 176.94. The cancellation of the growth of ZEC/USD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 173, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations for XRP/USD is with the breakdown of the local maximum area at 220.
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