Zcash ZEC/USD is trading at 266. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near the 250 level is expected, from which we should expect a rebound and an attempt to continue growth with a target above the level of 290.
Zcash forecast & analysis ZEC/USD April 21, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel. Earlier, a strong signal was received for buy of the Zcash, by crossing the signal lines at 235.
Cancellation of the variant of growth of quotations Zcash will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the level of 220, which will indicate the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD is with the breakdown of the resistance area and closing above the level of 280.
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