Cryptocurrency Zcash ZEC/USD is trading at the level of 305.18. 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 near the 320.00 level is expected to test the lower boundary, from which one should expect an attempt to drop and develop a bearish trend in the cryptocurrency to reduce near the 250.00 level.
ZEC/USD forecast & Zcash analysis on June 30, 2017
Earlier, a weak signal was received for buying of Zcash crypto currency, due to the crossing of signal lines at the level of 305.20. Cancellation of the variant of falling of quotations Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 360.00, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations on ZEC/USD is with the breakdown of the local minimum area at 265.00.
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