Zcash ZEC/USD is trading at the level of 274.30. Cryptocurrency continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for Zcash. Ichimoku Kinko Hyo Cloud is expected to test the lower boundary near the level of 300.00, from which one should expect an attempt to drop and develop a bearish trend in the cryptocurrency to reduce near the 200.00 level.
Zcash ZEC/USD prediction & analysis on July 3, 2017
Earlier, a strong signal was received for sales of Zcash cryptocurrency, due to the crossing of signal lines at the level of 297.40. Cancellation of the variant of falling of quotations of Zcash will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 350.00, which will indicate the change of 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 220.00.
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