Zcash ZEC/USD is trading at the level of 227. Cryptocurrency is traded below the lower bound of the Cloud of the Ichimoku indicator Kinko Hyo, which indicates the existence of a bullish trend for Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 230, from which we should expect a rebound and a further fall attempt with a target below level 195.
Zcash forecast & analysis ZEC/USD on November 5, 2017
Earlier, we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at level 225. The cancellation of the Zcash there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 235, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD stands with a breakdown of the level of 205.
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