Zcash ZEC/USD completes the trading week near area 282. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Zcash. A rebound is expected from the upper boundary of the Ichimoku Kinko Hyo Cloud near level 285, and further development of the fall to reduce near level 225. An additional signal in the fall is the upper channel test. Near the 225 level, we again expect a rebound and a rise in the price of the cryptocurrency.
Zcash weekly forecast on September 4 — 8, 2017
Earlier, we received a weak signal for buying of Zcash cryptocurrency due to the crossing of signal lines at level 187. The cancellation of the variant of Zcash quotations growth will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below area 210, which will indicate a change in the flat trend in favor of the bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyos closing of quotations above the level of 310.
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