Zcash ZEC/USD is trading at 237. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Zcash. It is expected to test the resistance area near the level of 245, from which one should expect a rebound attempt and further development of the bearish trend with a view to falling below the level of 195.
Zcash forecast & analysis ZEC/USD on September 8, 2017
Earlier, a weak signal was obtained for buying of Zcash cryptocurrency due to the crossing of signal lines at level 225. Cancellation the variant of falling quotes, Zcash will become breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 260, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ZEC/USD is with the breakdown of the support area and closing below the level of 210.
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