Zcash ZEC/USD is trading at the level of 204. Cryptocurrency is traded below the lower bound of the Cloud of the Ichimoku indicator Kinko Hyo, which indicates the presence of a bearish trend for Zcash. The test area of Ichimoku Kinko Hyo signal lines near level 215 is expected, from which we should expect a rebound and an attempt to further fall below the level of 175. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Zcash prediction & analysis ZEC/USD on October 24, 2017
Earlier, a strong signal was received for sell of Zcash cryptocurrency due to the crossing of signal lines at the level of 234. Cancellation of the variant of the drop in Zcash quotations will be a breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes above area 235, which will indicate a bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD stands with a breakdown of 200 level.