Zcash ZEC/USD is trading at level 311. Cryptocurrency is trading below the lower bound of the Cloud of the Ichimoku indicator Kinko Hyo, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to be tested near the 320 level, from which one should expect a rebound and attempt to continue falling with a target below the level of 265.
Zcash prediction & analysis ZEC/USD on December 1, 2017
An additional signal in favor of the drop of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for sell of Zcash cryptocurrency, due to crossing of signal lines at 337 level. The abolition of the variant of falling of quotes Zcash will become a breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes above 345, which will indicate a change of the bearish tendency in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD stands with a breakdown of the level of 290.
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