Zcash ZEC/USD is closing the trading week near area 263. Cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 270, from which it is expected to rebound and continue the development of a bearish trend in cryptocurrency with a target near the level of 175.
Zcash weekly forecast on November 13 — 17, 2017
Earlier, a weak signal was obtained for buy of Zcash cryptocurrency, by crossing signal lines at level 230. Canceling option the fall of quotations Zcash will become a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above area 295, which indicates the 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 200 level.
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