Zcash ZEC/USD is trading at the level of 295. Cryptocurrency is traded below the lower bound of the Cloud of the Ichimoku indicator Kinko Hyo, which indicates the presence of a downward trend in Zcash. Ichimoku Kinko Hyo Cloud near the level 320 is expected to be tested near the level, from which one should expect a rebound and an attempt to continue falling with a target below the level of 255.
Zcash prediction & analysis ZEC/USD on December 2, 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 the crossing of signal lines at 337 level. The abolition of the variant of the drop in Zcash quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 335, which will indicate a bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations ZEC/USD is worth a breakdown of the level of 280.
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