Zcash prediction & analysis ZEC/USD on October 27, 2017


Zcash ZEC/USD is trading at 222. Cryptocurrency is traded below the lower bound of the Cloud of the Ichimoku indicator Kinko Hyo, indicating a bearish trend for Zcash. Ichimoku Kinko Hyo Cloud near the level 223 is expected to be tested near the level of 223, from which one should expect a rebound and a further fall attempt with a target below level 195. An additional signal in favor of the drop of the cryptocurrency is the resistance level test.

Zcash prediction & analysis ZEC/USD on October 27, 2017

Zcash prediction & analysis ZEC/USD on October 27, 2017

Earlier, a weak signal was received 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 the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 230, which will indicate a change of 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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