Cryptocurrency Zcash ZEC/USD is trading at the level of 316.48. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. The price of ZEC/USD is expected to rise near the 340.00 level, where one should expect an attempt to drop and develop a bearish trend in the cryptocurrency to reduce near the level of 260.00.
Zcash ZEC/USD prediction & analysis on June 29, 2017
Earlier, a weak signal was received for sales of Zcash cryptocurrency, due to the crossing of signal lines at 388.40. Cancellation of the variant of the drop in Zcash quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 365.00, which indicates a change in the bearish trend in favor of the bullish. Expect to accelerate the fall in quotations on ZEC/USD is with the breakdown of the local minimum area at 280.00.
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