Analysis for 2020-06-26
Zcash (ZEC) An additional signal in favor of reducing the cryptocurrency will be a test of the resistance area. Earlier, a weak signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at the level of 350. Zcash ZEC/USD is completing the trading week near the area of 209. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near the level 245 is expected, from which it is expected to rebound and continue falling of the cryptocurrency with a target below level 170.