Zcash forecast & analysis ZEC/USD on October 6, 2017


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Zcash ZEC/USD is trading at 237. Cryptocurrency is traded below the lower bound of the Cloud of the Ichimoku indicator Kinko Hyo, indicating a bearish trend for Zcash. Ichimoku Kinko Hyo indicator area signal lines are expected near the 253 level, from which we expect a rebound and an attempt to further fall below the level of 190.

Zcash forecast & analysis ZEC/USD on October 6, 2017

Zcash forecast & analysis ZEC/USD on October 6, 2017

Earlier we received a weak signal for sell of Zcash cryptocurrency, due to the crossing of signal lines at level 315. Canceling the variant of falling quotations Zcash will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 315, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in quotations ZEC/USD stands with the breakdown of the support level and the closing below the area of ​​220.

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