Zcash ZEC/USD is trading at the level of 208. Cryptocurrency is traded below the lower bound of the Cloud of the Ichimoku indicator Kinko Hyo, which indicates the presence of a bearish trend for Zcash. The test area of Ichimoku Kinko Hyo signal lines near level 215 is expected, from which we should expect a rebound and an attempt to further fall below the level of 190. An additional signal in favor of the drop of the cryptocurrency is the resistance level test.
Zcash prediction & analysis ZEC/USD on October 26, 2017
Earlier, we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at level 210. The cancellation of the variant of the drop in Zcash quotations will be a 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 quotes ZEC/USD stands with a breakdown of the level of 195.
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