Zcash ZEC/USD is trading at the level of 209. The currency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. Ichimoku Kinko Hyo indicator line signal area test is near the level 215, from which it is expected to attempt a fall and further development of the bearish trend with a target to falling near the level of 180. An additional signal in favor of the fall will be a test of the resistance area.
Zcash forecast & analysis ZEC/USD on August 17, 2017
Earlier, a weak signal was received for sales of Zcash cryptocurrency due to the crossing of signal lines at the level of 230. The abolition of the variant of Zcash quotations growth will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 235, which will indicate a bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ZEC/USD stands with a breakdown of the level of 195.
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