Zcash ZEC/USD is trading at 428. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to be near the 415 level, from which one should expect a rebound and an attempt to continue growth with a target above the 550 level. An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel.
Zcash forecast & analysis ZEC/USD on December 16, 2017
Earlier, we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at the level of 305. Canceling the variant of Zcash quotations growth will be the breakdown of the Ichimoku Kinko Hyo Cloud bottom with the closing of quotes below the level of 350, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with a breakdown of the level of 490.
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