Zcash ZEC/USD is trading at the level of 214.42. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to trade above its upper limit, which indicates the presence of an bullish trend in Zcash. The upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 200.00, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 276.00.
Zcash ZEC/USD prediction & analysis on July 22, 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 growth of quotations Zcash will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 160.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations for ZEC/USD is with the breakdown of the local maximum area at 265.00.
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