Zcash ZEC/USD is trading at the level of 173. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. A test of the lower boundary of the Cloud of the indicator near the level of 190 is expected, from which it is expected to attempt a rebound and further development of the bearish trend with a target to falling below the level of 130.
Zcash prediction & analysis ZEC/USD on September 17, 2017
An additional signal in favor of continuing the decline of the cryptocurrency will be a test of the resistance area. Earlier, a strong signal was received to sell the Zcash cryptocurrency, by crossing the signal lines at level 224. By canceling the variant of the drop in the Zcash quotes, the upper bound of the Ichimoku Kinko Hyo Cloud will break with the closing of quotes above area 210, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD stands with a breakdown of level 160.
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