ZCASH ZEC/USD has closed the trading month near the level of 280. Currencies quotations are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for ZCASH. At the moment, quotes are testing the lower limit of the indicator. A moving average test is expected as well as a test of the lower border of the uplink at level 260, where again one should expect an attempt to continue growth and further development of the bullish trend for the ZCASH cryptocurrency for growth near the level of 440. An additional signal in favor of growth is the test of the support area.
ZCASH ZEC/USD forecast and analysis on July 2017
The conservative area for buying of ZCASH is located near the lower border of the Bollinger Bands indicator strip at the level of 260. The canceling of the option of continuing the growth of the ZEC/USD cryptocurrency will be a breakdown of the moving average region with a level of 55, as well as the lower border of the Bollinger Bands indicator bands and the closing of the ZCASH quotes below area 220, which will indicate a change in the trend in favor of the bearish on ZEC/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands, it is expected to accelerate the growth of the cryptocurrency.
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