Zcash ZEC/USD is trading at 244. Cryptocurrency is traded below the lower bound of the Cloud of the Ichimoku indicator Kinko Hyo, which indicates a bearish trend in Zcash. Ichimoku Kinko Hyo indicator cloud is expected near the level 245, from which one should expect a rebound and a further fall attempt with a target below the level of 200.
Zcash forecast & analysis ZEC/USD on October 9, 2017
Earlier, a strong signal was received for sell of Zcash cryptocurrency, by crossing signal lines at level 246. By 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 270, which indicates 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 the level of 230.