Zcash ZEC/USD is trading at the level of 181. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Zcash. It is expected to test the area of signal lines of the indicator near the level of 188, from which it is expected to attempt a rebound and further development of the bearish trend with a target to falling below the level of 150.
Zcash forecast & analysis ZEC/USD on September 15, 2017
An additional signal in favor of continuing the decline of the cryptocurrency will be the test of the lower boundary of the «Triangle» model. Earlier, a strong signal was received for sales of Zcash cryptocurrency due to the crossing of signal lines at level 224. The cancellation 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 quotes above area 225, which will indicate a bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ZEC/USD is with the breakdown of the support area and closing below 175.
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