Zcash prediction & analysis ZEC/USD on October 17, 2017


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Zcash ZEC/USD is trading at the level of 232. Cryptocurrency is trading below the lower bound of the Cloud of the Ichimoku indicator Kinko Hyo, which indicates the presence of a bearish trend for Zcash. Ichimoku Kinko Hyo Cloud near the level 235 is expected to be tested near the level of 235, from which one should expect a rebound and a further fall attempt with a target below the level of 180. Earlier, a strong signal was received for sell of Zcash cryptocurrency, by crossing the signal lines at 234.

Zcash prediction & analysis ZEC/USD on October 17, 2017

Zcash prediction & analysis ZEC/USD on October 17, 2017

Canceling the variant of the 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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