Cryptocurrency Zcash ZEC/USD is trading at 301.30. The cсryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the 310.00 level, from where one should expect an attempt to drop and develop a bearish trend for cryptocurrency to reduce near the 250.00 level.
Zcash ZEC/USD prediction & analysis on July 1, 2017
Earlier, a weak signal was received for buying of Zcash cryptocurrency, due to the crossing of signal lines at the level of 305.20. An additional signal in favor of a downward trend will be a resistance area test. 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 for ZEC/USD is with the breakdown of the local minimum area at 270.00.
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