Zcash ZEC/USD is trading at 440 level. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the 480 level, from which we should expect a rebound and an attempt to continue the fall with a target below 345. Earlier we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at 460 level.
Zcash forecast & analysis ZEC/USD on December 29, 2017
Cancellation of the variant of falling of quotations Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the level 535, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD is with the breakdown of the lower limit of the model «Triangle» and the closure below the level of 395.
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