Zcash ZEC/USD is trading at the level of 173.88. 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 the lower boundary near the level of 200.00, from where one should expect an attempt to fall and develop a bearish tendency in the cryptocurrency to reduce near the level of 100.00.
Zcash ZEC/USD prediction & analysis on July 18, 2017
Earlier, a strong signal was received for sales of Zcash cryptocurrency, due to the crossing of signal lines at the level of 276.00. Cancellation of the variant of the drop in the quotations of Zcash will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 220.00, which will indicate a change in 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 120.00.
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