Zcash ZEC/USD is trading at the level of 176.03. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 185.00, from which one should expect an attempt to drop and develop a bearish trend in the cryptocurrency to reduce near the 115.00 level.
Zcash ZEC/USD prediction & analysis on July 19, 2017
Earlier, a weak signal was received for buying of Zcash cryptocurrency, due to the crossing of signal lines at 164.00. 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 130.00.
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