Zcash ZEC/USD is trading at 240. Cryptocurrency is traded below the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Zcash. Ichimoku Kinko Hyo indicator area signal lines are expected near the level 250, from which we should expect a rebound and a further fall attempt with a target below 185.
Zcash prediction & analysis ZEC/USD on October 5, 2017
Earlier, we received a weak signal for sell Zcash cryptocurrency due to the crossing of signal lines at level 315. Canceling the variant of falling quotations Zcash will become a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 310, which indicates the 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 230.