Zcash ZEC/USD is trading at 304. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level 315, from which we expect a rebound and an attempt to continue the fall with a target below the level of 285.
Zcash forecast & analysis ZEC/USD on December 11, 2017
Earlier, a strong signal was obtained for sell of Zcash cryptocurrency, by crossing signal lines at level 305. Cancellation of the variant of Zcash there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the level of 320, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ZEC/USD is with the breakdown of the lower limit of the model «Triangle» and the closure below the level of 275.
