Zcash ZEC/USD is closing the trading week near the 200 area. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Zcash. Ichimoku Kinko Hyo indicator cloud is expected near the level 215, from which it is expected to rebound and further development of the fall with a target near the level of 95. An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance area.
Zcash weekly forecast on September 25 — 29, 2017
Earlier, a signal of medium strength was obtained for sales of Zcash cryptocurrency due to the crossing of signal lines at the level of 245. Canceling 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 255, which will indicate a change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD stands with a breakdown of the level of 135.