Zcash ZEC/USD is closing the trading week near the area of 242. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Zcash. A rebound is expected from the upper boundary of the Ichimoku Kinko Hyo Cloud near the level 245, and further development of the fall to reduce near the level of 225. Near the 225 level, we again expect a rebound and a rise in the price of the cryptocurrency above the level of 340.
Zcash weekly forecast on September 11 — 15, 2017
Earlier we received a weak signal for buying of Zcash cryptocurrency, for the crossing of signal lines at level 187. Cancellation of the variant of growth of quotations Zcash will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below area 210, which indicates the change of the flat trend in favor of the bearish one. Expect to accelerate the growth of quotations ZEC/USD stands with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyos closing of quotes above the level of 265.
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