Cryptocurrency Zcash ZEC/USD is trading at the level of 248.89. Cryptocurrency continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for Zcash. The test area of the signal lines is expected. The Ichimoku Kinko Hyo cloud near the level of 250.00, from where one should expect an attempt to drop and develop a bearish trend in the cryptocurrency to reduce near the 190.00 level. An additional signal in favor of falling quotations is the test of the resistance area.
Zcash ZEC/USD prediction & analysis on July 10, 2017
Earlier, a strong signal was received for sales of the Zcash cryptocurrency, due to the crossing of the signal lines at the level of 277.00. Cancellation of the variant of the drop in Zcash quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 295.00, 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 230.00.
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