Zcash ZEC/USD is trading at 234. Cryptocurrency is traded below the lower bound of the Ichimoku Kinko Hyo Indicator Cloud, indicating a bearish trend for Zcash. Ichimoku Kinko Hyo signal line area test near level 240 is expected, from which it is expected to rebound and attempt to further fall below the level of 175. Earlier, a strong signal was received for sell of Zcash cryptocurrency, by crossing signal lines at level 246.
Zcash prediction & analysis ZEC/USD on October 12, 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 area of 255, 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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