Zcash ZEC/USD is closing the trading week near area 202. Cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Zcash. The Ichimoku Kinko Hyo signal line area test is expected near the level of 230, from which it is expected to rebound and continue falling of the cryptocurrency with the target near the level of 135.
Zcash weekly forecast on October 23 — 27, 2017
Earlier, a weak signal was received for sell of Zcash cryptocurrency, due to crossing of signal lines at level 270. By abolishing the variant of Zcash there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 285, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ZEC/USD stands with a breakdown of the level of 195.