Zcash ZEC/USD is trading at 428. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Zcash. Ichimoku Kinko Hyo signal line area test is near the 450 level, from which we expect a rebound and an attempt to continue the fall with a goal below the 310 level. An additional signal in favor of the drop of the cryptocurrency will come from the lower bound of the «Triangle» model.
Zcash forecast & analysis ZEC/USD on January 1, 2018
Earlier, a strong signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at level 465. Cancellation of the variant of the drop in Zcash quotations will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the level of 525, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD is with a breakdown of the level of 390.
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