Zcash ZEC/USD is closing the trading week near the area of 150. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Zcash. The test area of Ichimoku Kinko Hyo indicator lines near the level 187 is expected, from which it is expected to rebound and further development of the fall with the target near level 70.
Zcash weekly forecast on September 18 — 22, 2017
An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance area. Earlier, a medium strength signal was received to sell the Zcash cryptocurrency, by crossing the signal lines at the level of 245. 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 quotations above area 240, which will indicate 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 140.
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