Cryptocurrency Zcash ZEC/USD is trading at the level of 294.80. Cryptocurrency continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for Zcash. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 300.00, from which one should expect an attempt to drop and develop a bearish trend for cryptocurrency with the target of decreasing near the level of 245.00.
ZEC/USD Zcash prediction & analysis on July 5, 2017
Earlier, a weak signal was received for buying of Zcash cryptocurrency, due to the crossing of signal lines at the level of 287.24. Cancellation of the variant of falling quotes Zcash will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above the area of 320.00, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations on ZEC/USD is with the breakdown of the local minimum area at 260.00.
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