Zcash ZEC/USD is trading at the level of 171. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. Waiting for the test of the lower boundary of the Cloud of the indicator near the level 190, 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 130.
Zcash prediction & analysis ZEC/USD on September 18, 2017
An additional signal in favor of continuing the decline of the cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. Earlier, we received a weak signal for buying of Zcash cryptocurrency due to the crossing of signal lines at level 174. 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 205, which will indicate a 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 165.
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