Zcash ZEC/USD is trading at 189. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend for Zcash. A test of the lower boundary of the Indicator Cloud is expected near the 195 level, from which one should expect a rebound and further development of the bearish trend with a target to falling below the level of 140.
Zcash prediction & analysis ZEC/USD on September 19, 2017
An additional signal in favor of reducing the cryptocurrency is the resistance area test. Earlier, we received a weak signal for buying of Zcash cryptocurrency due to the crossing of signal lines at level 174. The abolition 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 quotes above area 205, which will indicate a parish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD stands with a breakdown of the level of 165.
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