Zcash ZEC/USD is trading at 434. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected near the 415 level, from which we expect a rebound and an attempt to continue growth with a target above 550.
Zcash forecast & analysis ZEC/USD on December 17, 2017
Earlier we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at level 305. Canceling the growth of quotations Zcash will become a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 365, 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 the breakdown of the upper limit of the model «Triangle» and the closing above the level of 475.
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