Zcash ZEC/USD is trading at the level of 209.80. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 216.00, from which one should expect an attempt to fall and further develop the bearish trend with the target of reducing near the level of 179.00.
Zcash forecast & analysis ZEC/USD on August 15, 2017
Earlier, we received a weak signal for sales of Zcash cryptocurrency, due to the crossing of signal lines at the level of 232.00. Cancellation of the variant of the drop in the quotations of Zcash will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 230.00, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations for ZEC/USD is with the breakdown of the local minimum area at 185.00.
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