Zcash ZEC/USD is trading at 226. Cryptocurrency is traded below the lower bound of the Ichimoku Kinko Hyo Indicator Cloud, indicating a bullish trend for Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 230, from which we should expect a rebound and a further fall attempt with a target below level 195. Earlier, we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at level 225.
Zcash forecast & analysis ZEC/USD on November 6, 2017
By abolishing the variant of Zcash there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 235, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD is worth a breakdown of the level of 205. Do not exclude the formation of the reversal pattern «Head and Shoulders», so with breakdown level 240 there will be a potential for test area 270, as part of the development of the reversal pattern.
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