Zcash ZEC/USD is trading at the level of 378. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Zcash. The test area of the Ichimoku Kinko Hyo cloud is expected near the level of 365, from which we expect a rebound and an attempt to continue growth with a target above 440.
Zcash forecast & analysis ZEC/USD on December 14, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, we received a weak signal for buy of Zcash cryptocurrency due to the crossing of the signal lines at the level of 305. The abolition of the variant of Zcash quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the level of 300, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with a breakdown level of 400.
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