Zcash ZEC/USD is trading at the level of 179.20. Cryptocurrency continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 186.00, from where one should expect an attempt to fall and further develop the bearish trend with the target of lowering near the level of 129.00.
Zcash ZEC/USD prediction & analysis on August 2, 2017
Earlier, a strong signal was received for sales of Zcash cryptocurrency, due to the crossing of signal lines at 177.81. 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 208.00, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations on ZEC/USD is with the breakdown of the local minimum area at 142.00.
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