Zcash ZEC/USD is trading at 317. 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 of 319, from which one should expect a rebound and an attempt to continue the fall with a target below 285. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Zcash forecast & analysis ZEC/USD on December 5, 2017
Earlier, we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at level 215. The abolition of the variant of the drop in Zcash quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the level of 335, which will indicate a bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ZEC/USD is with a breakdown level of 300.
