Zcash ZEC/USD is trading at the level of 190. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Zcash. It is expected to test the area of the signal lines of the indicator near the level of 195, from which we should expect an attempt to rebound and further develop the bearish tendency to fall below the level of 150.
Zcash prediction & analysis ZEC/USD on September 14, 2017
An additional signal in the half of the continuation of the decline in cryptocurrency will be the test of the lower bound of the «Triangle» model. Earlier, a strong signal was received for sales of Zcash cryptocurrency due to the crossing of signal lines at level 224. The cancellation 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 quotations above area 235, which indicates a change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ZEC/USD is worth a breakdown of the support area and closing below the level of 190.
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