Zcash ZEC/USD is trading at 211. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Indicator Cloud, indicating a bearish trend for Zcash. Ichimoku Kinko Hyo signal line area test near level 215 is expected, from which we should expect a rebound and an attempt to further fall below the level of 185. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Zcash prediction & analysis ZEC/USD on October 23, 2017
Earlier, a strong signal was received for sell of Zcash cryptocurrency due to the crossing of signal lines at the level of 234. Cancellation of the variant of the drop in Zcash quotations will be a breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes above area 235, which will indicate a bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD stands with a breakdown of 200 level.
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